Gold chart overview

The price of gold fell by $ 35 Yesterday, -1.85%. Very quickly, at the beginning of the Asian session, she found support at $ 1,850.62 and climbed to $ 1,865.25. There is still pressure on the price of gold due to the strong dollar that resists above 103.00 levels. If this negative consolidation, which started last Thursday, continues, we could see a further lowering of the price first to the $ 1,844 price, a low from February 15. We need a positive consolidation above the upper trend line and a $ 1,865 price tag for the bullish option. Our upper targets are the first $ 1875 level, $ 1885, $ 1892 and $ 1909 level, last week’s high.