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Technical analysis

27.07.202122:26 Forex Analysis & Reviews: Gold price remains close to $1,800.

Long-term review

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Gold price has not made any real progress today. Short-term trend remains vulnerable to a move lower as long as price is below $1,810.

Green line - support

Longer-term Gold price trend remains bullish as price remains above the key green upward sloping trend line support. This support is now found at $1,740 and as long as price is above this level, I expect a new upward move to start anytime with a target above $2000. Respecting the green trend line is key for the bullish scenario. Next major resistance is at $1,916.

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