GOLD Successful test of 1760 as Support. Bullish.

29 apr 2021

Pattern: Channel Up on 4H.

Signal: Buy as the price successfully tested the 4H MA100 (green trend-line) and the 1760 level (was formerly the Resistance for 1.5 month) as Support. The 4H MACD made a Bullish Cross.

Target: 1795 short-term (right below the 1D MA100 (yellow trend-line), which is holding as Resistance since January 08) and 1830 medium-term (right below the projection of the 1W MA50 (red trend-line).



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