Gold made a big jump after moving sideways for days, in a tight zone. But now the price testing the major resistances. The downtrend from May and the medium-term key reversal point for the year, the 233-day moving average hanging just below 1805. ETFs’ also sold 296,173 troy ounces of gold just yesterday when the price was surging indicates this resistance zone will be a tough one. If it breaks, upside moves might continue close to 1834.
