Technical analysis:
Gold has been trading sideways at the price of $1.986 and I found symmetrical triangle pattern in creation and potential for the breakout mode..
In case of the upside breakout of the resistance at $2.008 and hold above, I see potential for the further rally towards $2.042
In case of the downside breakout of the support level at $1.954, I see potential for the further drop towards $.918
RSI oscillator is showing neutral reading around 50 level, which is another sign of the indecision.
