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Technical analysis:
Gold has been trading sideways at the price of $2.014 and I see potential for the breakout mode in the next period.
Due to the consolidation and contraction, I see potential for the breakout mode.
In case of the upside breakout and hold above resistance at $2.017, I see potential for the further upside movement towards $2.030
In case of the downside breakout of the $2.005, I see potential for the further drop towards $1.991
RSI oscillator is showing divergence in the background.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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