Following a brief week, there is a positive outlook for gold as it potentially exhibits an upward movement. The formation of a cup and handle pattern could serve as a strong confirmation. The next significant resistance level appears to be at 1982, as the price has already surpassed the 100-day moving average (MA) at 1952, providing a second confirmation. Furthermore, the pivot points have been tested at the same price. To solidify my analysis, I will closely monitor the next candle's behavior. If it breaks above the 200-day MA and maintains that position, it will serve as my final confirmation.
