For Traders

Analytical Reviews

Technical analysis

23.04.202113:08 Forex Analysis & Reviews: Analysis of Gold for April 23,.2021 - Upside continuation andpotential test of $1.812

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Further Development

Analyzing the current trading chart of Gold, I found that there is the potential for the upside continuation and end of the downside correction.

My advice is to watch for potential buying opportunities on the dips with the upside target at $1.813

The trend is still bullish and the rising trend line is confirming that condition.

Key Levels:

Resistance: $1.813Support levels: $1.777

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.