Gold price continues to trade in a short-term bullish trend moving towards higher highs and higher lows. My medium-term targets for Gold price are between $1,170 and $1,200 as the weekly chart is supported.
Gold price is trading above the green trend-line support and is trying to break out above the Ichimoku cloud in the 4-hour chart as shown above. A 4-hour candle close above the cloud will be a bullish sign, but bulls need to show more strength and break above the short-term resistance of $1,150.
