Technical analysis of Gold for September 26, 2018
Gold price continues to trade around $1,200. Price has been trading between $1,211 and $1,190 for nearly a month now. Trend is neutral in the short-term although price remains inside the bearish channel.
Green lines – bearish channel
Red lines – trading range
Short-term resistance area is at $1,205-$1,211. A break above this level will push prices towards $1,220 at least. Support is at $1,190. A break below this level will most probably push Gold to new lows.