Technical analysis of gold

After the recent decline in the price of gold and breaking below the strong support line or the lower boundary levels of the rectangle pattern around 1955, with a close below it, the price is now starting to rise and retest these levels. If the price reclaims these levels and closes above them, there will be a strong opportunity to buy with initial targets reaching 1985. However, if the price remains below these levels, a downward movement and selling are more likely.