Technical analysis:
Gold has been trading in the sideways range at the price of $1.953 but I see potential for the downside movement due to no fallow trought on Friday.
Due to the rejection of the mini supply trend line in the background, I see potential for the further downside movement towards downside references.
Downside objectives are set at the price of $1.930 and $1.894
MACD oscillator is showing neutral stance and potential for the downside movement...
Key resistance is set at the price of $1.980
