Gold (XAUUSD) Price Felt Down

Date: Apr 28, 2021, 16:47

the gold price felt 0.97% from last week.

the price of gold which was 1794, 4 days before now its 1766.26.

In the weekly and daily charts we have an uptrend and price is approaching to the strong support level at 1759.

In lower time frames like H4 price has been held by the ascending trend line but the bearish candles seem to be more powerful than bullish ones.

We need to wait for the price to break out the sideway zone first.

In H1, price is in the ascending channel and is ranging and paused between support and resistance levels at 1784 & 1772.

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