XAU/USD Minor Drop!
The price of gold dropped a little and now is trading at 2,014 at the time of writing below yesterday's high of 2,033. Now, it has reached the historical level of 2,003 which represents a downside obstacle (the upside obstacle turned into a downside obstacle).
Technically, the uptrend line represents a downside obstacle as well. So, as long as it stays above it, Gold could resume its growth. The 2,033 yesterday's high represents an upside obstacle.
Gold Trading Conclusion!
Jumping and stabilizing above 2,033 activates further growth and is seen as a buying opportunity.
