Gold registered daily close beyond two-month-old falling trend line. Bullish MACD suggests challenges to the immediate hurdle. A clear upside break will eye 100-day SMA, bears will have a bumpy road. Gold’s clear break above a downward sloping trend line from late January keeps bulls hopeful on Good Friday. Also favoring the upside momentum are the MACD signals and the US dollar weakness that keeps the yellow metal above $1,730. It should, however, be noted that a downward sloping trend line from March 18, currently around $1,735, guards the bullion’s immediate upside, a break of which will direct buyers toward February 19 low near $1,760 and November 2020 bottom surrounding $1,765. Though, the $1,800 threshold and 100-day SMA level of $1,813 could be ultimate challenges to the gold optimists beyond $1,765. On the contrary, the metal’s declines below $1,720, comprising the previous resistance line, may catch a breather around the $1,700 round figure. Should the commodity prices stay weak under $1,700, the double bottom formation near $1,676 will be the key to watch. Gold daily chart Trend: Further upside expected  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Price Analysis: 100-DMA challenges the recovery from 2021 lows FX Street 1 year Gold registered daily close beyond two-month-old falling trend line. Bullish MACD suggests challenges to the immediate hurdle. A clear upside break will eye 100-day SMA, bears will have a bumpy road. Gold's clear break above a downward sloping trend line from late January keeps bulls hopeful on Good Friday. Also favoring the upside momentum are the MACD signals and the US dollar weakness that keeps the yellow metal above $1,730. It should, however, be noted that a downward sloping trend line from March 18, currently around $1,735, guards the bullion's immediate upside, a break of which will direct buyers toward… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.