Technical analysis:
Gold has been trading upside today and I see potential for further rally. There is potential completion of the ABC downside structure in the background.
Trading recommendation:
Due to potential completion of the corrective ABC downside structure in the background, I see potential for further rally.
Watch for buying opportunities on the dips with upside objectives at $1.939 and $1.948
MACD is showing positive reading, which is another sign that buyers are in control today.
Key support is set at $1.910
