Line line of defense (LOD)

Amidst the recent downtrend move on Gold, the Bulls have made a commendable pushback by propelling the price back to the 1843 level to test the roof once again. A critical point to note is that a break above the 1843-1846 zone would indicate an impending bullish run in the coming days. However, I, for one, still maintain my bearish stance. The precious metal has a considerable amount of ground to cover if it intends to make a complete directional shift.