Gold remains trading above 1857.75, thanks to growing risk appetite and weakening demand for the dollar. If positive sentiment carries on, price will rise even more.
Technical picture:
The quote is above the middle line of the Bollinger indicator, above the SMA 5 and SMA 14. The relative strength index (RSI) is above 50% and is growing steadily, similar to the stochastic indicator, which continues to move up .
Possible dynamics:
Spot gold is likely to increase to 1886.45.
