Gold rose after lackluster nonfarm payrolls weighed on the US dollar. The precious metal has seen strong buying interest around the psychological level of 1800.
A bullish candle above 1832, the origin of the August sell-off would prompt sellers to reverse their bets, exacerbating the momentum in the process. Now that the major resistance withdrew, the bulls may have gained a free pass towards 1900.
As the RSI inches further into the overbought zone, 1811 is fresh support in case of a pullback.
