FX.co - Analysis of Gold for May 06,.2021 - Potential for the upside continuation towards $1.810

2021-05-06T11:29:01

Relevance until2021-05-07

Technical analysis:

Analysis of Gold for May 06,.2021 - Potential for the upside continuation towards $1.810

Gold has been trading upside as I expected. I still see potential for the price to go higher and you should wtach for buying opportunities.

Trading recommendation:

Watch for potential buying opportunities on the pullback with the upside targets at $1.811

Stochastic oscillator is on the bull run and I see no signs of reversal, which is good sign for further upside continuation..

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

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for May 06,.2021 - Potential for the upside continuation towards $1.810