empty
 
 
21.04.2021 02:07 PM
Analysis of Gold for April 21,.2021 - First upside target reached at $1.789 and potetnial for test of next upside target at $1.815

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

This image is no longer relevant

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

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback