Update: Gold price achieves good gains

Gold price rallied upwards strongly to breach 1692.00 and heads towards potential test to the bearish channel’s resistance around 1728.00, making the bullish bias suggested for the upcoming sessions, being aware that we need to monitor the price behavior when reaching the mentioned level, as breaching it will lead the price to exit the bearish channel and turn to rise, while bouncing bearishly and breaking 1692.00 will reactivate the bearish trend scenario that its next target located at 1665.00.