Relevance up to 10:00 2021-04-09 UTC+3
Further Development
Analyzing the current trading chart of Gold, I found that major resistance at the price of $1.745is on the test and that selling can be in play for today.
My advice is to watch for selling opportunities on the rallies with the downside targets at $1.720, $1.708 amd $1.680.
Stochastic oscillator is still overbought, which is another sign of the potential weakness on the Gold.
Additionally, there is the median Pitchfork trend-line on the test….
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Petar Jacimovic,
Analytical expert
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