GOLD (XAUUSD) Bullish Forecast

gold has respected a major rising trendline one more time.

after a strong bearish rally yesterday we see clear unwillingness of sellers to push lower.

what is peculiar about this trendline is the fact that, though, the market attempted to break it
and even traded below that for a while during the US session, bears could not manage to close below it.

for this reason, I believe that gold may recover today.

initial target - 1609