XAUUSD Rebounds on Trend Line, Set to Rise towards $1950

The XAUUSD pair has shown a notable adherence to the trend line that has been formed. Following a sell-off last week, there was a rebound at the trend line, indicating a potential upward movement. If the price action continues to support this trend line, there is a possibility of gold reclaiming a value above $1950. It is worth noting that the recent peak in price has held steady at around $1980.