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Technical analysis:
Gold has been trading inside of the downside channel and there is the chance for the upside breakout or the rejection fo the supply trend-line.
In case of the upside breakout of the resistance at $2.043, there is the chance for the rally towards $2.050 and $2.070
In case of the rejection of the supply trend-line, there is the chance for the downside movement towards lower reference at $2.030
RSI oscillator is trading around 55 level, which is sign of indecision.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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