Technical analysis:
Gold has been trading upside this morning and there is the breakout of the falling wedge in the background. I see potential for further rally.
Trading Recommendation:
Due to the breakout of the falling wedge and the bullish divergence on the oscillator,I see potential for further rally.
Watch for potential buying opportunities on the intraday dips.
Upside objective is set at the price of $1.847
Stochastic oscillator is showing bull reading, which is good sign for further rise.
Support is set at the price of $1.831
