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FX.co ★ Analysis of Gold for April 20,.2021 - Bull flag pattern and potential for re-test of $1.789 and $1.815

Analysis of Gold for April 20,.2021 - Bull flag pattern and potential for re-test of $1.789 and $1.815

Germany March PPI +0.9% vs +0.6% m/m expectePrior +0.7%PPI +3.7% vs +3.3% y/y expectedPrior +1.9%

Base effect adjustments and higher input costs from supply constraints are the likeliest contributors here, helping to reaffirm higher price pressures in general.

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Analysis of Gold for April 20,.2021 - Bull flag pattern and potential for re-test of $1.789 and $1.815

Analyzing the current trading chart of Gold, I found that there is the potential completion of the downside correction and new upside wave to begin.

My advice is to watch for buying opportunities with the upside targets at $1.789 and $1.815.

Stochastic oscillator is showing bull cross mode....

Key Levels:Resistance: $1.789 and $1.815.Support level: $1.765

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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