Gold Hits Support And Positivity Looking For Confirmation

Gold prices found a solid support level at our first target mentioned in the previous analysis at 1810, which forced it to rebound again to test the 1830 resistance level.

On the technical side today, and with a closer look at the 60-minute chart, we notice the return of the price stability above the 50-day moving average, in addition to the stability trading above 1810.

Therefore, we may witness a bullish tendency in the coming hours, provided that the breach of 1832 is confirmed, in order to stimulate the chances of an upside move towards 1841, and we are content with this target only.

From the bottom, trading again below the pivotal support 1810 makes the bearish tendency impose its control again, targeting 1801, and losses may extend later towards 1792.

S1: 1810.00	R1: 1832.00
S2: 1801.00	R2: 1841.00
S3: 1792.00	R3: 1851.00