Gold broke the medium-term downtrend and testing the key 1876 level which is both mid-level of the fall from the August 2021 top and the upper line of the bullish, short-term trend channel. This resistance level is powerful and may cause some correction in the coming days but gold’s general outlook for the medium-term is changing for the better as breaking of the trend and key moving averages. 144 and 233. As long as gold stays above these moving averages, possible down moves can be buying opportunities for the precious metal. Above 1876, the next target is 1920 which is both Fibonacci %61,8 and long-term resistance level dating back to 2011.