Technical analysis:
Gold has been trading upside today and I saw the breakout of the downside channel, which is good sign for further rally.
Trading Recommendation:
Due to the breakout of the downside channel and rejection of the lower trend-line, I see potential for further rise.
Watch for buying opportunities on the intraday dips with the upside objectives at $1.847 and $1.860.
Stochastic is showing bull condition, which is another confirmation for the rally.
Key support is set at the price of $1.821
