Technical analysis:
Gold has been trading upside but I found fake breakout of the swing high at $1.983, which is a good sign for the potential downside rotation.
Due to the fake breakout of the swing high and the breakout of the mini rising trend-line, I see potential for further downside movement.
Downside objective is set at the price of $1.970
Stochastic oscillator is showing fresh downside flip, which is another good sign for the further downside movement.
Key resistance is set at the price of $1.985
