FX.co ★ Analysis of Gold for April 29,.2021 - Breakout of the downside channel and potential for the rally towards $1.781

Further Development

Analyzing the current trading chart of Gold, I found that there the downside exhaustion today and potential for the rally towards $1.781 and $1.785.

My advice is to watch for buying opportunities on the dips with the upside targets at $1.781 and $1.785.

Additionally, there is the oversold condiiton on the Stochastic oscillator on the and the fresh new bull cross, which is another sign of the strength....