Technical analysis:
Gold has been trading upside but there is the test of key resistance cluster at the price of $1.980. I see potential for the downside rotation of the key resistance.
Trading recommendation:
Due to the test and reject of the key resistance cluster, I see potential for the downside movement.
Watch for potential selling opportunities with the downside objectives at $1.967 and $1.952.
Stochastic oscillator is showing overbought condition and potential fresh bear cross, which is sign for further downside movement.
Resistance is set at the price of $1.980
