FX.co ★ Analysis of Gold for March 08,.2022 - Buyers in control, potential tests of $2.050

Technical analysis:

Gold has been trading upwards today and the upside trend did continue. I still see further upside continuation and potential for rally towards $2,050.

Trading recommendation:

Due to strong upside trend on both short-term and mid-term perspective, I see potential for upside continuation.

Watch for buying opportunities on the pullbacks with the upside objectives at $2,050 and $2,074.

Additionally, there is the supportive rising trend-line, which is another sign that buyers are in control.

Intraday supports are set at the price of $2,000 and $1,971