Gold price has broken out of the base of the rising channel it | Forex Trading Time

Gold price has broken out of the base of the rising channel it has been climbing inside since the March 8 lows. The precious metal trades at around the $1,950 mark at the time of writing, and is declining rapidly. The breakout lower brings into question the continuity of the established uptrend on the short-term timeframe, though Gold price remains in an uptrend over the medium-term.