Technical analysis of GOLD 04/24/2021

Gold shows growth within the descending channel on the daily chart. The price found resistance at 1800.00 (MA100) and is currently consolidating in this area. The technical analysis suggests a continuation of the upward movement to the area of 1850.00, where (MA200) intersects with the upper border of the descending channel. Cancellation of the growth option will be a decrease below 1750.00.


Created by Joshua Hayn

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