Technical analysis:
Gold has been trading sideways at the price of $1.908 and I found rejection of the support zone at $1.897, which is good sign for the upside movement.
Trading recommendation:
Due to the rejection of the key support zone in the background, I see potential for the further growth towards upside references.
Watch for the potential buying opportunities with the upside objectives at $1.921 and $1.928
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.897
