Technical analysis:
Gold has been trading upside as I expected and I see triangle pattern in creation, which is sign for the potential breakout play.
Trading recommendation:
Due to the strong upside pressure in the background and triangle pattern in creation, I see potential for bigger growth.
Watch for the buying opportunities if you see the breakout of $1.785 with the upside objective at $1.800.
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.767
