Technical analysis:
Gold has been trading upside as I expected and I found strong rejection of the Fibonacci confluence in the background, which is good sign for further growth.
Trading recommendation:
Due to the strong upside pressure in the background and rejection of the key Fibonacci confluence in the background, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.785
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.730
