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Technical analysis:
Gold has been trading downside this morning but I found that key support cluster at the price of $1.970 held successfully, which is sign that buyers are in control.
Due to the short-term upside trend and positive reversals on the RSI oscillator, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.984 and $1.992
RSI oscillator is showing positive reversal and holding above 40 level, which is good sign for the further rally.
Key support is set at the price of $1.970
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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