Gold price continues pulling back towards support of $1,110-$1,105 as it trades inside a short-term upward sloping channel. Yesterday, I warned bulls to be cautious as our target was reached.
Blue line -bullish channel
Gold price continues to trade above the Ichimoku cloud inside the bullish channel, but is testing the kijun-sen (yellow indicator) support at $1,110. Breaking below it will open the way for a deeper pullback towards the Ichimoku cloud.