Technical analysis:
Gold has been trading downside after the yesterday economic data in US but I see that key support at the price of $2.010 is on the test and that there is the chance for the upside rejection.
Due to the strong long time-frame upside trend and test-reject of the key support zone, I see potential for the further growth towards upside references.
Upside objective is set at the price of $2.037
Stochastic oscillator is showing oversold condition and potential for the bull cross, which is good sign for the rally....
Key support is set at the price of $2.000
