Technical analysis:
Gold has been trading sideways at the price of $2.028 and there is potential for the breakout mode.
In case of the upside breakout of the resistance at the price of $2.040, there is the chance for the rally towards $2.070
In case of the downside breakout of the support at $2.012, there is the chance for the further drop towards $1.992
RSI oscillator is showing neutral position around the 50 level, which is sign of the indecision.
