Technical analysis:
Gold has been trading upside in last 24 hours and I see potential for the upside rotation towards upside reference.
Due to the another rejection of the key support cluster at the price of $1.980, I see potential for the further rise towards upside reference.
Upside objective is set at $2.040
MACD oscillator is showing bullish divergence, which is another good sign for the further upside movement.
Key support is set at the price of $1.980
