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Gold lifts after holding onto a critical level yesterday

Yesterday the price of gold came very close to falling below an important (and well documented here) support level, at 2,009.53. As covered here in an update, Gold did rebound from a session low at 2,010.04. The rebound that followed saw it later close in the US last night at 2,019.36. It has managed to build on that modest rebound so far today. Gold has reached a session high at 2,028.06 a few moments ago. The next resistance level from here could be the former Fibonacci level, at 2,033.65. Of course that 2,009.53 price point remains the next major support of note. The earlier session low today was set at 2,017.32. Gold is currently trading at 2,027.60 
 

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