yesterday saw some bullish action on gold price, after a couple of rejections and sideways price action, now gold is trading above 2k$. we got two candle closing above 2k$ and this might confirm the possibility of truing the long time resistance into support, to completely confirm this theory the price action must retest this level and bounce back. MACD is showing the return of bullish momentum and RSI is reaching oversold territory, which might slightly show some bearish or sideways price action in the coming days, hence the overall look on gold is bullish.
not financial advice
not financial advice