Technical analysis:
Gold has been trading upside this morning but the key resistance at the price of $1.991 is on the test. There is potential for the rejection or the upside continuation.
In case of the rejection of the resistance at $1.991, there is the chance for the downside movement towards $1.971 and $1.961
In case of the upside breakout and hold above the resistance at $1.991, there is the chance for the rally towards $2.007
RSI oscillator is showing reading near 60, which his sign that demand is in control.
