Technical analysis:
Gold has been trading upside with the strong momentum in the background and I see potential for the upside continuation due to the bullish flag pattern.
Trading recommendation:
Due to the narrow pullback and bull flag pattern in creation, I see potential for further rally towards next upside reference.
Watch for buying opportunities with the upside objective at $1.724
Stochastic oscillator is showing fresh bull cross of the oversold condition, which is good sign for further upside continuation.
Intraday support is set at the price of $1.706
