XAU/USD 1,822 - 1,825 upside obstacle
Gold tries to resume its growth as long as it stays above the uptrend line. Technically, the uptrend line represents a downside obstacle. Still, in the short term, it has moved somehow sideways as the 1,822 former high represents a strong upside obstacle.
Staying near this upside obstacle may announce an imminent breakout and an upside continuation. The upside scenario could be invalidated if the rate drops and stabilizes below the uptrend line.
XAU/USD forecast
Passing above the 1,825 and staying there may signal further growth ahead and is seen as a buying opportunity.
