Technical analysis:
Gold has been trading downside into the US session but I found the key support at the price of $1.974 still held well, which is good sign for the further rally.
Due to rejection of the key rising support and the upside cycle on longer time-frames, I see potential for the further rise.
Upside objectives are set at the price of $2.005 and $2.045
Additionally, there is the breakout of the mini consolidation area, which is good sign for the furthe rally.
Key support is set at the price of$1.968-$1.974