Technical analysis:
Gold has been trading upside as like I expected. I see potential for the upside continuation of the bigger bull trend in the background.
Summary:
Due to the strong upside pressure in the background and rejection of the key support at $1.740, I see potential for the further rise.
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 bull cross, which is good sign for the further rally.
Key support is set at the price of $1.740
