Technical analysis:
Gold has been trading upside most recently and I see potential for the further upside movement.
Trading recommendation:
Due to rejection of the key support at the price of $1,785 and the breakout of the contraction, I see potential for the further upside movement.
Watch for buying opportunities on the intraday pullbacks with the upside objectives at $1,800 and $1,813
Stochastic is showing convergence and oversold condition, which is good sign for further rise.
Key support is set at the price of $1,785
