Technical analysis:
Gold has been trading upside and I found the breakout of the well defined trading range, which is good sign for the further growth.
Trading recommendation:
Due to the breakout of the defined trading range to the upside, I see potential for the further growth towards the upside reference.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.870
MACD oscillator is showing fresh upside momentum, which is good sign for the further upside movement.
Key support is set at the price of $1.823
