GOLD Price Technical Analysis: Weekly Chart
- In the weekly charts, Gold is trading in an upward channel.
- Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
- Gold will follow an uptrend in the coming weeks.
- The Gold crucial support level is at 1,785.35 which is near 20 days SMA as of now. There are no signs of a bearish trend.
- Bulls have their tight grip on Gold .