Technical analysis:
Gold has been trading upside in the background but I found the buying climax after yesterday's event. There is the chance for the downside rotation.
Due to the tight channel in creation, I see potential for the downside movement in case of the downside breakout of the channel.
Downside objective is set at the price of $2.005
MACD oscillator is showing bear divergence, which is another good sign for the further downside movement.
Key intraday resistance is set a the price of $2.025
