Technical analysis:
Gold has been trading sideways at the price of $1.797 but I see potential for the further rise towards upper references.
Trading recommendation:
Due to the strong upside pressure in the background and rejection of the Fibonacci node at $1.785, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.820 and $1.890.
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.775
