Gold stays high amid the US dollar’s softness across the board. On the daily chart, the precious metal has found solid demand along the 20-day moving average and is on its way to last June’s peak at 1880. A bullish breakout would lay the foundation for an extension to the support-turned-resistance of 1940 from last April’s sell-off. On the hourly time frame, an overbought RSI may cause a limited pullback, but the bullish drive would remain intact as long as the price is above 1840. 1815 on the MA would be another support.
