Technical analysis:
Gold has been trading downside during the Tokyo session but I see potential for the upside continuation of the strong upside movement in the background.
Trading recommendation:
Due to the strong upside movement in the background and test-reject of the support at $1.666, I see potential for the upside continuation.
Watch for buying opportunities on the intraday dips with the upside objective at $1.681
Stochastic Oscillator is showing oversold condition and fresh bull cross, which is sign that upside swing is in the play.
Key support is set at the price of $1.666
