Gold Maintains Bullish Path

The yellow metal prices maintained the bullish bias after stabilizing intraday above the previously breached resistance level at 1797.

Technically, by looking at the chart, we notice a conflict of technical signals between the continuation of the positive motive for the 50-day moving average, which still supports the bullish price curve, and between the negative signals that started appearing on the RSI on the short time frames and its loss of bullish momentum Temporarily.

Therefore, we will stand aside for a moment until the trend becomes clearer more accurately, waiting for one of the following scenarios:

To complete the ascending path, we need to witness stability above 1799, 50.0% correction, and we need to witness a clear and strong breach of the 1811 resistance level to enhance the chances of rising towards 1825/1820.

Below support level 1797 puts the price under intense negative pressure, through which we may witness a negative trading session; its first target is 1794 and extends to visit 1774.

S1: 1794.00	R1: 1811.00
S2: 1784.00	R2: 1820.00
S3: 1774.00	R3:  1830.00