Technical analysis:
Gold has been trading downside this morning but I see potential for the further upside continuation. Key support is set at the price of $1.743.
Trading recommendation:
Due to the strong upside pressure in the background and the breakout of the monthly range, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.795.
MACD oscillator is showing upside reading, which is strong sign that buyers are in control.
Key support is set at the price of $1.743