GOLD 04/29/2021

Gold bounced off the Long-Zone and the predominant trend-channel's upper line, if the prize came back to this level, it will probably come up again.
There are two relevant short trend-channels, and the steeper one was just left upwards. Since the breakout has already been retested, I suppose the price will climb higher (maybe even after some sideways movements between the resistance from 05/18/2021 and the resistance from 11/08/2011).
There will be possible short entries (or if you already have an open long position, possible targets) in the pink zones and particularly at the trendline. More up the resistance from 09/06/2011 might have an impact on the price, and it could also react at the one from 11/09/2020.
Beyond Technical AnalysisTrend AnalysisWave Analysis

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