Gold Price Forecast: Double Bottom Validation Signals Further Gains on Offer
2021-04-28 03:00:00
Daniel Moss,
Analyst
Gold, XAU/USD, Bull Flag, Double Bottom, IGCS – Talking Points:
Gold’s recent slide lower looks to be a temporary set-back.
A weekly Bull Flag continuation pattern, and daily Double Bottom reversal hint at further gains for the anti-fiat asset.
Gold prices have stormed higher in April, climbing over 7% to push to the highest levels since late-February. Although the commodity has slipped lower in recent days the long-term outlook continues to hint at extended gains ahead. Here are the key levels to watch for the anti-fiat metal in coming weeks.