In the 2-hour chart, the current price of gold is at around $4,164. What is notable, at least for now, is price is still respecting the rising trendline from the recent lows at $4,066. In the short-term, the recovery is still valid. However, gold is still stuck below the overall bearish trendline as well as the $4,181 – $4,217 resistance zone. So, a full trend reversal has not occurred for gold bulls just yet.