Technical analysis:
Gold has been trading upside as I expected. The price reached my upside objective at $1.964. Anyway, there is strong resistance at the price of $1.970 and I see potential downside rotation.
Trading recommendation:
Due to strong resistance at $1.970, I see potential for the downside rotation.
Watch for potential selling opportunities with the downside objectives at $1.939 and $1.912.
Stochastic oscillator is showing overbought condition, which is another sign for the downside rotation.
Additionally, Gold reached upper trend-line projection...