US MBA mortgage applications w.e. 16 April +8.6% vs -3.7% prior

Latest data from the Mortgage Bankers Association for the week ending 16 April 2021Prior -3.7%

Market index 724.8 vs 667.7 priorPurchase index 295.5 vs 279.5 priorRefinancing index 3,219.9 vs 2,916.7 prior30-year mortgage rate 3.20% vs 3.27% priorFurther Development

Analyzing the current trading chart of Gold, I found that Gold reached our first upside target at the price of $1.789 but there is still more upside potential.My advice is to watch for buying opportunities on the pullbacks with the next upside target at $1.814.Stochastic oscillator is showing fresh new bull cross, which is another sign of the strength...

Key Levels:

Resistance: $1.790 and $1.814Support level: $1.768