Technical analysis:
Gold has been trading upside this morning and I found the breakout of the symmetrical triangle in the background, which is good sign for the further upside movement.
Trading recommendation:
Due to the breakout of teh symmetrical triangle and no bigger reaction from sellers, I see potential for the further growth towards the upper references.
Watch for the potential buying opportunities on the intraday dips with the upside objective at $1.902
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.863
