Technical analysis:
Gold has been trading upside today and I found breakout of the well defined trading range to the upside, which is good sign the further upside continuation.
Trading recommendation:
Due to the breakout of the well defined trading range in the background and upside trend, I see potential for the further growth towards next upside reference.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.890 and $1.900
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.880
