The precious metal rose to a fresh nine-year high after consolidating over the past few sessions.
Price touched the 1841 levels intraday after breaking past the 1817.80 level of support.
Further upside could see the precious metal eyeing the 1850 price level next.
To the downside, the corrections could be limited to the 1817.80 level.
We expect this level to hold keeping the upside bias intact.