Technical analysis:
Gold has been trading sideways at the price of $1.880 but I see potential for the upside continuation and the breakout play.
Trading recommendation:
Due to the trading range condition, I see potential for the breakout play to the upside towards the upper reference.
Watch for the potential buying opportunities with the upside objective at $1.900.
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.868
