Technical analysis:
Gold has been trading upside today and there is potential for the further rally. I see potential for the test of the value of the previous trading range.
Trading recommendation:
Due to the rejection of the support at $1.807 and bullish divergence in the background, I see potential for the further rally.
Watch for buying opportunities on the intraday pullbacks with the next upside objective at $1.848.
Stochastic oscillator is showing bull divergence in the background and new upside momentum with no signs for the reversal.
Key support is set at the price of $1.805
