Gold trading at around $2,001 an ounce, slowly grinding higher. Next resistance levels at $2,003 followed by $2,009.

Taking a look at Gold as the commodity has been grinding its way higher, potentially gearing up for an upward breakout. Currently trading at around $2,001 an ounce with support levels below $1,994 (20 & 50-day moving averages) and then at $1,990 (100-day MA). A break below the 100-day MA could see the price slide further towards the support at $1,983. Towards the upside, gold faces tough resistance at $2,003 (white oval) followed by $2,009 (red oval). A move above $2,009 may see its price head higher with the target of around $2,020 an ounce. Looking at the technical indicators, MACD is positive and so is RSI as it reads 59.