Technical analysis:
Gold has been trading upside today and there is potential for the further rise due to the breakout of the consolidation.
Trading recommendation:
Due to the strong upside momentum and breakout of the contraction, I see potential for further rise.
Watch for potential buying opportunities on the intraday dips with the upside objectives at $1.845 and $1.875.
Stochastic is showing bull cross and upside reading, which is good sign that upside momentum is strong.
Key support is set at the price of $1.815
