Gold has been trading sideways at the price of $1.553.My analysis from last week didn't change and I still see more upside on the Gold and potential re-test of $1.600 and $1.650.
The breakout of the major swing high this week was the key for strong demand on the Gold. My advice is to watch for buying opportunities on the dips using intraday-frames 5/15 minutes. Tomorrow there is the CPI m/m for USD, which may produce necessary volatility for Gold.
MACD oscillator is showing increase on the upside momentum and new high, which is good confirmation for the further upside...
Resistance levels and upward targets are seen at the price of $1.601 and $1.650.
Key support level is set at the price of $1.550-$1.540
