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
