FX.co ★ Analysis of Gold for March 21,.2022 - Upside scenario in the play

Technical analysis:

Gold has been trading sideways at the price of $1.923 but I see potential upside continuation of the upside impulsive movement in the background.

Trading recommendation:

Due to strong upside impulsive movement in the background and the aggressive reversal, I see potential for the upside continuation.

Watch for buying opportunities on the pullbacks with the upside objectives at the price of $1.950 (Previous swing high and FE 61.8%) and $1.970 (FE 100%)

Key support is set at the price of $1.895