FX.co ★ Analysis of Gold for November 02, 2023 - Resistance on the test

Technical analysis:

Gold has been trading upside in last 10 hours and I found rejection of the support at $1.970 in the background but the key resistance at $1.990 is on the test.

In case of the rejection of the resistance at $1.990, there is potential for the downside movement towards $1.970

In case of the breakout and hold about $1.991, there is the chance for the rally towards $2.007

RSI oscillator is showing reading around 60 but still indecision in terms of the trend range.