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Technical analysis:
Gold has been trading upside in the background but I found that market is in the tight triangle consolidation and that there is teh chance for the breakour mode.
In case of the upside breakout of the resistance at $2.040 and hold above, there is the chance for the rally towards the next upside reference at $2.070
In case of the downside breakout of the support at $2.025, there is the chance for the drop towards $2.008
RSI oscillator is showing reading around 60, which is sign that buyers are in control.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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