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Gold-Tech Analytics

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Gold looks on the chart like it is still going to continue its rise. The price is increasingly consolidating, before making a small move

1) The bullish trend continues to be relevant
2) Price is above key levels, there are no strong areas from which to confidently sell
3) Price is in the 1948-1903 range, so it is logical to expect price to move from border to border
4) The price seems to be going to form a correction (judging by the outermost bar). The price updates the local minimum, Friday closes below the opening price
5) Support level 1903 has not yet been tested - the current target

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