Technical analysis:
Gold has been trading upside as I expected. The price is heading towards first upside objective and I see no signs for the reversal.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the multi week range, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.794 and $1.802.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.747
