Technical analysis:
Gold has been trading downside this morning but I found key support at the $1.955 on the test.
Due to the strong upside movement and breakout of downside channel in the background and the bullish trend, I see potential for the further upside movement towards upside references.
Upside objectives are set at $1.985 and $2.020
RSI oscillator is showing oversold condition and bullish divergence, which is good sign for the further higher prices.
Key support is set at the price of $1.952
