Technical analysis:
Gold has been trading upside as I expected after the test reject of the key support at the price of $1.740. I still see potential for further rally.
Trading recommendation:
Due to the strong rejection of the 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
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.740-$1.730
