Technical analysis:
Gold has been trading downside in the background but I found rejection of the support at $1.996 and potential for the upside continuation.
Due to the rejection of the support zone in the background and the upside trend, I see potential for the further upside movement towards upper references.
Upside objective is set at the prie of $2.040
MACD oscillator is showing bullish reading and potential for further rally..
Support is set at the price of $1.996
