Gold is holding onto its former strong weekly gains as traders are increasingly bullish towards the yellow-metal and buy into price dips. Gold bulls need to form make a new weekly high and break above the $1,890 level to keep the strong bid-tone firmly in place. A break above the $1,890 resistance level could cause a rally towards the $1,910 level and possibly even the $1,970 level.
XAUUSD is only bullish while trading above the $1,860 level, key resistance is found at the $1,890 and the $1,910 levels.
If XAUUSD trades below the $1,860 level, sellers may test the $1,855 and $1,845 support levels
