Technical analysis:
Gold has been trading upside in the background and I found the mark up phase on Friday and breakout of the downside channel this morning, which is good sign for the further upside continuation.
Due to the strong mid and long term upside trend with the breakout of the downside channel this morning, I see potential for the further upside movement towards next reference points.
Upside objectives are set at $1.972, $1.983 and $2.040
MACD oscillator is showing positive reading, which is sign that we might see bullish movement
Support is set at the price of $1.940
