In yesterday's post, I wrote that an important level for bulls to watch is the 1990 zone. After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone. Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration. As said, both medium and short-term trends are bullish, but for the short-term trend to remain like this, the price needs to remain above 1985. In case of a break under, we can expect a drop to 1975 or even lower.
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