The price of gold has risen. On the daily sticks, the price of gold has once more risen over the significant 200-Daily Moving Average (DMA) as it attempts to retake the $1,800 level.
The $1,809 high set on December 15 is considered to be the next important stop for gold bulls. The upswing is being supported by the 14-day Relative Strength Index (RSI), which is rising above the midline.
A breach of the 200DMA will reopen floors toward the bullish 21DMA at $1,777 on the downside.
The psychological milestone of $1,750 will once again be on sellers’ minds as prices move lower. h bid in the previous hour, rising again toward the $1,800 level.
