Technical analysis:
Gold has been trading upside as I expected and the price is near the first upside objective. I still see potential for the further upside movement.
Due to the strong upside cycle and relative strength on the side of metals, I see potential for the upside continuation.
Upside objectives are set at the price of $2.030 and $2.060
MACD oscillator is showing first signs of the upside reading, which is good confirmation for the furhter upside movement.
Short-term support is set at the price of $1.987
