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06.05.202113:29 Forex Analysis & Reviews: Analysis of Gold for May 06,.2021 - Potential for the upside continuation towards $1.810

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.

Technical analysis:

Exchange Rates 06.05.2021 analysis

Gold has been trading upside as I expected. I still see potential for the price to go higher and you should wtach for buying opportunities.

Trading recommendation:

Watch for potential buying opportunities on the pullback with the upside targets at $1.811

Stochastic oscillator is on the bull run and I see no signs of reversal, which is good sign for further upside continuation..

Petar Jacimovic
Analytical expert of InstaForex
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