XAUUSD 30 04 2021
After the price bounced off the support level 1675.91 for the second time at the end of March, it continues to rise. At the same time, growth is accompanied by a large number of pullbacks and corrections. Nevertheless, the price has already managed to break through the support lines of 1737.06 and the level of 1763.79. Now it is in the resistance zone between the lines of March 2018 and August 2020. The price bounced off the resistance line in March 2018 from the point 1797.39. And now I expect it to be able to break through the August 2020 line at 1767.22. And the support level is 1763.79. After that, it will fix on the line in the area of 1757.53 and continue to fall. So my final target is support line 1715.51.
After the price bounced off the support level 1675.91 for the second time at the end of March, it continues to rise. At the same time, growth is accompanied by a large number of pullbacks and corrections. Nevertheless, the price has already managed to break through the support lines of 1737.06 and the level of 1763.79. Now it is in the resistance zone between the lines of March 2018 and August 2020. The price bounced off the resistance line in March 2018 from the point 1797.39. And now I expect it to be able to break through the August 2020 line at 1767.22. And the support level is 1763.79. After that, it will fix on the line in the area of 1757.53 and continue to fall. So my final target is support line 1715.51.