the Gold price grinds higher towards the key resistance confluence comprising the Fibonacci 38.2% on one month and Pivot Point one day R1, around $1,903.

Before that, Fibonacci 61.8% on one day could challenge the Gold buyers around $1,897.

On an immediate basis, Fibonacci 23.6% on one week guards the XAU/USD upside around $1,885.

Meanwhile, Fibonacci 61.8% on one month, close to $1,870, puts a floor under the Gold price.

In a case where XAU/USD remains weak past $1,870, it’s downturn towards the previous monthly low surrounding $1,825 can’t be ruled out.

Overall, the Gold price remains bearish unless staying below $1,905.
analysisgoldtradingHarmonic PatternsTechnical IndicatorsTrend Analysisxauusdbuy

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