Gold price found support near $1,790 and started a fresh increase against the US Dollar. The price broke the $1,808 level to move into a short-term positive zone.
Besides, there was a break above the $1,820 level and the 50 hourly simple moving average. The price is now facing resistance near the $1,830 level and might correct lower.
An initial support on the downside is near the $1,822 level. first key support on the downside is near the $1,818 level and a bullish trend line on the hourly chart, below which there is a risk of more downsides. In the stated case, the price could test $1,800 on FXOpen.
On the upside, the price is facing resistance near the $1,830 level. The next main resistance could be near the $1,842 level, above which the price could rise towards the $1,860 level.
