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07.04.202109:00 विदेशी मुद्रा विश्लेषण और समीक्षा: Gold Strongly Bullish!

Gold is trading in the green at $1,741 after testing a broken dynamic resistance. The price may continue to increase if the US Dollar resumes its depreciation in the short term.

The risk-off sentiment dominates the markets in the short term, that's why the safe-haven assets are very attractive these days. The yellow metal ignored immediate resistance levels signaling strong buyers.

Gold registered an approx 4% growth since last Wednesday and it could extend it if the price passes above the immediate high.

XAU/USD Seems Unstoppable!

Exchange Rates 07.04.2021 analysis

XAU/USD is trading above the median line (ML) of a major descending pitchfork and it could approach the minor ascending pitchfork's median line (ml) again.

A new higher high, bullish closure above the $1,745 high could signal further growth towards $1,755 static resistance. The ascending pitchfork's median line (ml) represents a dynamic resistance. Jumping and stabilizing above the median line (ml) could validate more gains ahead.

Gold Tips & Forecast!

A valid breakout above $1,755 validates a larger upside movement and brings a new long opportunity.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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