Gold Overview

Technically, Gold's recent bounce from the 50-day SMA and positive momentum on the daily chart favor bullish sentiments. Caution is advised for a sustained breakthrough above $2,040-$2,042 USD, signaling potential upward movement towards $2,064 USD and $2,077 USD. Conversely, a breach below the defending $2,022 USD level could trigger bearish momentum, targeting $2,000 USD and potentially extending towards $1,973 USD before reaching the confluence zone around $1,965-$1,963 USD.