Gold price broke its short-term support yesterday but found the next support at $1,120, where the recent low was found on August 18. The short-term trend is bearish. Bullish signal will come when we break above $1,133.
Black line - resistance
Gold price is trading above the Green trend-line support but below the Black trend line that connects its two recent highs. The rice is also below the Ichimoku cloud in the 4-hour chart. This confirms that bears are in control of the short-term trend. The picture will change if the price breaks above $1,133.
