Technical analysis:
Gold has been trading upside on Friday and I found breakout of the downside channel, which is good sign for the further upside movement.
Due to the breakout of the downside channel in the background and the strong upside cycle on short-mid term, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $2.020 and $2.045
MACD oscillator is had strong increase of upside momentum and now is on the pullback mode, which is good sign for the further higher prices.
Key support level is set at the price of $1.956
