The yellow metal is located in the buyer’s territory and should climb much higher in the upcoming days. Looks undecided right now, but maintains a bullish perspective after the failure to reach and retest some support levels (resistance turned into support).
You can see that has come down in the yesterday’s session, but failed to retest the sliding line (SL) and the warning line (WL1), signaling that the buyers are still in the game and could push it towards the 38.2% retracement level.
