Technical analysis:
Gold has been trading sideways at the price of $1.773. Anyway, I see that key support is on the test and there is potential for the further growth.
Trading recommendation:
Due to the test and rejection of the key support at the price of $1.768, I see potential for further growth.
Watch for the potential buying opportunities with the upside objectives at $1.804 and $1.840.
Stochastic oscillator is showing oversold condition, which is good sign for further upside movement.
Key support is set at the price of $1.765-$1.760
