Technical analysis:
Gold has been trading upside this morning as I expected and there is chance for the further growth towards upside references due to strong upside momentum.
Trading recommendation:
Due to the breakout of the key trading range and strong upside momentum, I see potential for the further growth towards upside references.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.870 and $1.876
MACD oscillator is showing fresh bull reading, which is sign that buyers are in control
Key support is set at the price of $1.826