Technical analysis of GOLD 05/04/2021

Gold quotes approached the key resistance of 1800, where they coincided (61.8% Fib) and (MA100). Now quotes have corrected to the area of ​​1750.
The technical picture suggests a breakdown of the resistance level of 1800 with the goal of rising to 1850, where the downtrend line of the daily timeframe and (MA200) coincide.
A signal to cancel the continuation of growth will be a decline of quotes below the annual minimum of 1677, what will indicate the development of a downward movement in the medium term.

Created by Joshua Hayn

VN: F [1.9.22_1171]

Rating: 5.0 /five (1 vote cast)

5.0 out of five based on one rating

Libertex [CPS] WW



MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

Gazprom share price today: forecast and technical analysis

Read Next

IPO The Honest Company: a movement for a healthy lifestyle | R Blog RU