Technical analysis:
Gold has been trading upisde and the key resistance at the price of $2.047 is on the test.
In case of the rejection of the resistance at $2.047, there is the chance for the downside movement towards the lower level of consolidation at $2.015
In case of the upside breakout of the resistance at a$2.047 and hold above, there is the chance for the upside movement towards $2.070
RSI oscillator is showing upside reading above 60, which is good sign that buyers are in control.
