Technical analysis:
Gold has been trading upside as I expected and the price is heading towards the main upside objective. I see potential for further growth due to rejection of the key rising trend-line.
Trading recommendation:
Due to the rejection of the key support trendline and strong upside trend in the background, I see potential for further growth towards upper references.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at $1.835 and $1.855.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.780
