FX.co ★ Analysis of Gold for April 19,.2021 - Potential for long opportunities on the pullbacks towards $1.800

Eurozone February current account balance €25.9 billion vs €30.5 billion prior

Latest data released by Eurostat - 19 April 2021Prior €30.5 billionFlows in/out of the euro area in terms of goods and services are still showing some light improvement, though still some ways off pre-virus levels. The catch up trend is expected to continue in the months/year(s) ahead.

Further Development

Analyzing the current trading chart of Gold, I found that there is downside correction today but that buying is still preferable on the pullbacks.Watch for buying opportunities on the pullbacks with teh upside targets at $1.789 and $1.803.The multi time-frame trend is till bullish with potential for bigger rise...

Key support level is set at the price of $1.722.