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Technical analysis:
Gold has been trading sideways at the price of $2.035 and there is potential for the potetnial breakout of the triangle pattern.
In case of the upside breakout of the resistance at $2.050, there is the chance for the rally towards upside reference at $2.070
In case of the downside breakout of the support at $2.025, there is the chance for the further drop towards $2.000
RSI oscillator is showing reading around 50, which is the sign for the 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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