FX.co ★ Analysis of Gold for March 04,.2022 - Strong upside potential

Technical analysis:

Gold has been trading upside in the background and there is potential for upside continuation. In the background, there is the rising trend-line, which is another confirmation for further upside.

Trading recommendation:

Due to strong upside condition and the breakout of bigger consolidation of the weekly chart.

My advice is to watch for buying opportunities on the pullbacks with the upside objectives at $1,962 and $1,972.

Key support is set at the price of $1,933

Additionally, there is the rising trend line in the background, which is another confirmation for further upside movement.