FX.co ★ Analysis of Gold for July 09,.2020 - Major upward target at $1.820 has beeen reached. Anyway. nroken upward trendline and condiiton for further drop towards $1.797 is present

Technical analysis:

Gold has been trading upwards as I expected. The Gold reached our main objective at $1,820. Anyway, I found that there is the breakout of the rising trend line, which is sign for the potential downside movement.

Trading recommendation:

Watch for potential selling opportunities with the downward targets at $1,797 and $1,790

Main resistance is set at $1,815-$1,820

Stochastic oscillator is in overbought zone, which is another confirmation for the further downside movement....