Technical analysis:
Gold has been trading upside as I expected and the price has reached our first upside objective at $1.782 and there is chance for testing of the second objective. I see no signs for the reversal.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for the further growth.
Watch for the potential buying opportunities on the intraday dips with the next upside objective at $1.800.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.740
