22.04.202113:44 Forex Analysis & Reviews: Analysis of Gold for April 22,.2021 - Upside continuation adn potential test of $1.812

Eurostoxx futures +0.6% in early European tradingPositive tones observed in early tradesGerman DAX futures +0.5%UK FTSE futures +0.5%This builds on the gains from yesterday, as European equities are still clawing back the deep losses sustained on Tuesday. The more positive mood here also in part reflects some catch up to the surge in US equities - which closed at the highs.Further Development

Exchange Rates 22.04.2021 analysis

Analyzing the current trading chart of Gold, I found that buyers are in control and that there is potential for the test of the $1.812

My advice is to watch for buying opportunities on the dips with the upside target at the price of $1.812.

There is the test of the rising support line and the middle Bollinger band, which is good sign for further continuation....

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

Petar Jacimovic,
Analytical expert
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