Gold is still struggling to overcome the $1,900 resistance level in mid-week trading as market participants await the US CPI inflation later today. The four-hour time frame shows that bulls must break the $1,915 level soon or the price of gold is likely to test towards $1,855 again. If gold bulls can break through the $1,915 level, then a rally towards the $1,970 resistance zone is highly possible.
XAUUSD is only bullish while trading above the $1,880 level, key resistance is found at the $1,915 and the $1,940 levels.
If XAUUSD trades below the $1,880 level, sellers may test the $1,870 and $1,855 support levels.
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