Technical analysis:
Gold has been trading in the sideways range at the price of $1.913 but I found rejection of the support at $1.905 in the background, which is very good sign for the potential rally.
Due to the massive selling climax in the background and the breakout of the downside channel, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $1.923 and $1.940
Stochastic oscillator is showing fresh bull cross, which is good sign for the further upside movement.
Key support is set at the price of $1.905
