FX.co ★ Analysis of Gold for April 30,.2021 - Potential for the rally towards $1.775 and $1.782

Further Development

Analyzing the current trading chart of Gold, I found is the potential for the rally due to test and rejec from the important pivot support at $1.765

My advice is to watch for potential buying opportunities with the projected targets at $1.775 (Fibonacci expansion 61.8%) and $1.782 (Fibonacci expansion 100%)

Additionally, there is the potential completion of the ABC downside correction, which is another sign to watch for buying opportunities.

. Important support set at $1.766