Technical analysis of GOLD 04/16/2020

Gold quotes have overcome the resistance and are currently consolidating above the level of 1700.00.

The current technical picture suggests the continuation of the uptrend with an intermediate target at 1800.00 and a key target at the historic high of 2011 at 1900.00.

A signal to cancel the continuation of growth will be a decline in quotes below the zone of 1450.00, what will mean breaking the line of the uptrend on the W1 chart.

GOLDWeekly

Created by Joshua Hayn

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