Technical analysis:
Gold has been trading upside as I expected and the first objective is almost reached at $2.030.
Due to the strong upside cycle in the background and relative strength on Gold, I see potential for the further upside movement.
Upside objective is set at the price of $2.050
MACD oscillator is showing bullish reading, which is good sign for the further upside movement.
Stochastic oscillator is showing fresh bull cross, which is another sign of the potential bullish movement.
Short-term support is set at the price of $1.987
