Gold Prices Surge as Technical Hurdles Fail to Halt Rally

Gold markets have surged during the week, bouncing from key support levels. However, as the market approaches the $2000 region, resistance is expected. The bond markets in the US continue to offer higher rates, which may limit gold's upside potential. Geopolitical concerns could provide a boost to the gold market, but there is significant resistance between the $2000 and $2100 levels. Short-term back and forth trading is likely, making it challenging for longer-term traders to find clarity.