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Analysis of Gold for May 06,.2021 - Potential for the upside continuation towards $1.810

Technical analysis:

analytics6093d2cdd0caf.jpg

Gold has been trading upside as I expected. I still see potential for the price to go higher and you should wtach for buying opportunities.

Trading recommendation:

Watch for potential buying opportunities on the pullback with the upside targets at $1.811

Stochastic oscillator is on the bull run and I see no signs of reversal, which is good sign for further upside continuation..

The material has been provided by InstaForex Company - www.instaforex.com