FX.co ★ Analysis of Gold for April 26,.2021 - Intraday oversold condiiton and potential for the rally towards $1.703

Further Development

Analyzing the current trading chart of Gold, I found that there is the oversold condition in the rising trend, which is good sign for the buying.

I found that we completed 2 day downside correction, which is good indication for further upside continuation.

My advice is to watch for buying opportunities with the upside targets at the price of $1.783 and $1.794.

RSI (3) and (9 period are both into oversold condition, which is good sign for buying.Key Levels:Resistance: $1.783 and $1.794.Support level: $1.775 and $1.773