An evaluation of the technical aspects:
An image depicting analytics can be seen below:
Today, gold has been trading higher and I noticed a breakout of the previously established trading range in an upwards direction, indicating a likely continuation in this direction.
The suggestion for trading is to:
Because of the breakout of the trading range and an uptrend, I foresee the potential for a further rise towards the next reference point.
Be on the lookout for potential purchasing chances when the intraday prices dip and have $1.890 and $1.900 as the desired upper price limits.
The MACD oscillator is indicating a new upward momentum, which indicates that buyers have the upper hand.
Supporting the price of $1.880 has been established as the key.
