Technical analysis of GOLD 05/26/2021
Gold found support at 1680, where it crossed (38.2% Fib) with (MA100) and an uptrend line on the weekly timeframe.
At the moment quotes are in the area of 1890. The technical picture suggests the development of an uptrend with a projection of growth to the maximum of 2075.
A signal to cancel the continuation of growth will be a decline in quotes below the support of 1680, what will indicate the development of a downward correction with the next possible target in the area of 1560 (50% Fib).
Created by Joshua Hayn