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Technical analysis:
Gold has been trading sideways at the price of $2.024 and I see potential for the breakout mode in the next period.
In case of the downside breakout of the support at $2.020 and hold below, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $2.008 and $1.996
RSI oscillator is showing reading around 50, which is sign of the indecision.
Key resistance level is set at the price of $2.032
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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