Technical analysis:
Gold has been trading upside this morning but I found rejection of the key resistance at the price of $2.035 and potential for the further downside continuation.
Due the big reversal in the background and the negative reversal on the RSI oscillator, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $2.010 and $1.989
RSI oscillator is showing negative reversals, which is sign for the further downside movement.
Key resistance is set at the price of $2.035
