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Technical analysis:
Gold has been trading upside and the key pivot cluster is on the test at $1.975. There is the chance for the rejection or the upside continuation.
In case of the rejection of the key pivot cluster, I see potential for the downside rotation towards $1.959 and $1.948
In case of the upside breakout and hold above key resistance cluster, I see potential for the rally towards $2.003
RSI oscillator is showing upside reading above 50 level, whic his sign that trend is to the upside.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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