Technical analysis:
Gold has been trading upside as I expected and the price has reached the first upside objective at the price of $1.900. Anyway, I see potential for further upside movement due to the strong upside momentum.
Trading recommendation:
Due to the strong upside pressure and the breakout of the resistance zone at $1.900, I see potential for the further upside movement towards next upside reference.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.950.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.900
