Relevance up to 13:00 2021-04-09 UTC+3
Further Development
Analyzing the current trading chart of Gold, I found that there is rejection of the middle Pitchfork line, which is good sign for further downside movement.
My advice is still to watch for selling opportunities with the downside targets at $1.722, $1.712 and $1.680.
Stochastic oscillator is showing bear divergence and the bear cross is still active, which is good confirmation for the further drop….
Key Levels:
Resistance: $1.745Support levels: $1.722, $1.712 and $1.680.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
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