During Asian trading, the price of gold was in the range of $1760-1765, and during the European session, the price of gold continued to rise to the $1775 level. We must stay above the $1770 level to continue the bullish option. If we could do that, we would have a chance for a new bullish impulse. Potential higher targets are $1780 and $1790 levels. We need a return below the $1770 level for a bearish option. After that, a negative consolidation towards lower support levels could follow. In the zone around $1760, the price could find support in the MA20 and MA50 moving averages. A price break below would drop us to ... (full story)