FX.co ★ Analysis for Gold 04.23.2020 - Strong upside momentum and Gold is heading towards ourr main upward target at $1.737

Corona virus summary:

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Technical analysis:

Gold been trading upwards as I expected yesterday. The Gold ris very close to reach first upward target at the price of $1,737. The trend is still to the upside and there is the big chance for the upside momentum to continue.

Trading recommendation:

MACD oscillator is showing increasing in the upside momentum, which is good additional sign fo the buyers.