Technical analysis:
Gold has been trading upside this morning and I see potential for further rally going into the US. Session.
Trading recommendation:
Due to the bullish divergences on both MACD and Stochastic oscillator, I see potential for further growth today.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.645 and $1.653
MACD and Stochastic oscillators are showing bullish divergences, which is sign that upside might be in the play.
Key support is set at the price of $1.635
