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Technical analysis:
Gold has been trading upside during the Tokyo session but market didn't have power to break previous swing high at $2.070, which is sign that there is the chance for the pullback.
Due to the weak really this morning and slow momentum, I see potential for the downside pullback towards lower reference.
Downside objective is set at the price of $2.040
RSI oscillator is showing reading around 60 and trend upside condition with potential for the pullback.
Key resistance is set at the price of $2.070
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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