FX.co ★ Analysis of Gold for April 08,.2021 - Median Pitchfork trendline on the test and potential for downside rotation towards $1.721

Further Development

Analyzing the current trading chart of Gold, I found that major resistance at the price of $1.745is on the test and that selling can be in play for today.

My advice is to watch for selling opportunities on the rallies with the downside targets at $1.720, $1.708 amd $1.680.

Stochastic oscillator is still overbought, which is another sign of the potential weakness on the Gold.

Additionally, there is the median Pitchfork trend-line on the test....