Technical analysis:
Gold has been trading upside with the strong momentum. I found breakout for the consolidation range, which is good sign for further growth.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the key multi-month resistance at the price, I see potential for further big growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.787 and $1.806.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1,745
