Technical analysis:
Gold has been trading upwards as I expected. I see potential for further rally towards the $1.845.
Trading recommendation:
Main cause for the current upside movement is the breakout of the 6-days balance in the background.
My advice is still to watch for intraday buying opportunities on the dips with the upside targets at $1.845 and $1.855.
Stochastic is showing overbought condition but with no evidence for the bear cross....
