Technical analysis:
Gold has been trading upside in the background and I found breakout of the supply trend-line and recent swing highs, which is good sign for further rally.
Trading recommendation:
Due to the strong upside momentum yesterday on Gold, I see potential for further upside movement.
Watch for the potential buying opportunities on the intraday dips with the key support at $1.640
Upside objective is set at the price of $1.661
Stochastic oscillator is showing bullish divergence and extreme downside condition, which is good sign for further rally.
