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Wednesday, April 28, 2021

πŸ“Š Gold: got below the balance of the week, what's next?

πŸ“Š Gold: got below the balance of the week, what's next?

Gold OANDA:XAUUSD

🌐 Last working day's close below the balance of the week (1780.00) suggests a likely continuation of a corrective decline during the current working day.
In case of rising to the nearest resistance area of 1778.87-1782.13 (balance of the day and limit buyer) we expect formation of sell pattern and subsequent decline to close the currency day.
πŸ’Ž Most likely, during the European session the limit buyer (1767.95) will be broken and the price will go to the next option support, which is 1760.00.
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