Relevance up to 14:00 2021-05-04 UTC+3
Analyzing the current trading chart of Gold, I found that Gold reached both upside targets from Friday at the price of $1.775 and $1.782.
The Gold rejected of the Fibonacci expansion 100% at $1.782, which is good sign for the downside rotation.
My advice is to watch for selling opportunities intraday and potential for the downside movement towards $1.775.
Stochastic oscillator got bearish divergence, which is another indication for the downside rotation.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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