Gold price found support near $1,785 and started an upside correction against the US Dollar. The price broke the $1,800 level to move into a short-term positive zone.
Besides, there was a break above the $1,805 level and the 50 hourly simple moving average. However, the price is struggling to clear the $1,812 zone. It is now correcting lower and trading below $1,810 on FXOpen.
The price is testing a key bullish trend line at $1,804 on the hourly chart. The first key support on the downside is near the $1,800 level, below which there is a risk of more downsides. In the stated case, the price could test $1,780.
On the upside, the price is facing resistance near the $1,810 level. The next main resistance could be near the $1,812 level, above which the price could rise towards the $1,820 level.
