1 May 2023
From a technical perspective, any subsequent move-up is likely to confront some resistance near the $2,010-$2,012 supply zone, which if cleared decisively will negate any near-term negative bias and prompt some technical buying. The Gold price might then climb to the $2,039-$2,040 region before aiming to challenge the YTD peak, around the $2,048-$2,049 region touched on April 13.