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Technical analysis:
Gold has been trading upside after the FOMC yesterday and I see that resistance cluster is on the test.
In case of the rejection of the resistance at $2.050, there is the chance for the lower prices towards the upside gap around $2.000 level.
In case of the upside breakout of the resistance at $2.050 and hold above, there is the chance for teh higher prices towards $2.087
RSI oscillator is showing reading above 60 mark.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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