Thursday 15 April 2021

Gold Technical Analaysis on 15th April

End of session yesterday, gold precious metal went as expected when it declined from 1749 to 1732 ($ 17) closed the daily candle around 1734. Down force almost occupied the previous uptrend.  and once again retest MA20 on daily chart timeframe.  As I have analyzed it recently, the daily candle is also moving sideways to accumulate, we will easily be fooled if we look at its bullish force.  In my opinion, when the world gold price stood below 1760, I still maintain the view of selling down with this precious metal.



 - In addition, the negative signal of the USD in the last 3 weeks has not been good, but the world gold price (XAUUSD) is still almost stationary without a strong rally, thus confirming the view.  this is more mine.  So in today's session we will continue to wait for sale of this precious metal around the threshold of 1740-1746.  The target is around 1732 and expect it to be 172x in today's session.

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