Gold- Bulls are holding strong

As anticipated, XauUsd dropped below the 2020 mark yesterday. However, the price lacked continuation and rebounded from the 2012 zone, which is now serving as a support level.

As of the current moment, the price of Gold has returned to its familiar range, hovering around 2025.

Looking ahead, a break above 2030 would finally confirm that a low is in place and could potentially expose the 2065 resistance zone. This breakout would mark a significant shift in the market dynamics, potentially indicating further upward momentum for Gold. Traders should closely monitor price movements around these key levels for potential trading opportunities and trend developments.