Technical analysis:
Gold has been trading upwards as I expected. The price reached first upside objective at the price of $1.950. Anyway, I still see potential for further rally.
Trading recommendation:
Due to the breakout of the downside channel and strong upisde momentum, I see potential for upside continuation.
Watch for buying opportunities on the intraday pullbacks with upside objectives at $1.963 and $1.971.
Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.
Support level is set at the price of $1.937
