Technical analysis:
Gold has been trading sideways at the price of $1.961 but I found that key resistance sat the prie of $1.970 is on the test.
In case of the rejection of the key resistance cluster, I see potetnial for the further downside movement towards lower references at $1.948 and $1.921.
In case of the upside breakout of the resistance cluster and hold above, there is the chance for the rally towards $2.003
RSI oscillator is showing reading above 50, which is sign that buyers are in control.
