Gold price continues to hold recent lows but has also not broken the $1,200 short-term resistance. A medium-term trend remains bearish. A short-term trend is neutral as there are signs of a trend reversal. Gold price is trading around long-term support levels.
Price is above the short-term Ichimoku cloud and trend line support. This support is now at $1,187. Resistance is found first at $1,195 and next at $1,200. Next important support is at $1,177.
