FX.co ★ Analysis of Gold for December 15, 2023 - Sideways market and potential for the further breakout mode

Technical analysis:

Gold has been trading upside in the background but I found that market is in the tight triangle consolidation and that there is teh chance for the breakour mode.

In case of the upside breakout of the resistance at $2.040 and hold above, there is the chance for the rally towards the next upside reference at $2.070

In case of the downside breakout of the support at $2.025, there is the chance for the drop towards $2.008

RSI oscillator is showing reading around 60, which is sign that buyers are in control.