EWavesJournal: GOLD/XAUUSD ANALYSIS APRIL 2021

Thursday, 1 April 2021

26-APR-2021

If Gold resisted by 1805, we can see 1758 again and further 1680/23/1600.

Upside min target done. Extensions can e 1805, 1816, 1824, 1833... Supports: 1757/1721.

PRIMARY: BEAR; ALT: BULL.

Update 2:

Update 1:

Min tp on the upside done at 1756. Extension can be 1777, 1783, 93. Is GOLD going to 1625-1600?

Yesterday's analysis is still valid.

PRIMARY SCENARIO:

As long as 1747.5/1755 holds resistance,

we can see 1684-77, 1649-1625, 1603-1592, extension 1575-1560

Small targets: 1730, 1720, 1704, 1698-95

ALT SCENARIO:

ABOVE 1755, we can see 1773, 1785, 1793.

RES: 1756/1877/1961

As long as these resistances hold, we can see some more downside towards 1684, 1648, 1625-1603, extension 1592, 1575, 1560.