Technical analysis:
Gold has been trading sideways at the price of $1,824 and there is potential for the upside breakout of key resistance at $1,831.
Trading recommendation:
Due to market contraction and sideways movement, I see potential for the breakout regime.
Watch for buying opportunities oif the price breaks the pivot at $1,831 with good momentum.
Upside objectives will be set at $1,840 and $1,848
Support level is set at the price of $1,814
The short-term trend is upside....
