Technical analysis:
Gold has been trading upside as I expected and the price has reached the upside objective at the price of $1.950. Anyway, I see potential for further upside movement due to the strong upside momentum.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the key multi-day trading range, I see potential for further big growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.980
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.920
