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FX.co ★ Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

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Forex Analysis:::2021-05-21T12:07:13

Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

Technical analysis:

Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

Gold has been trading upside in the past 10 hours but there is still potential for the downside swing and re-test of the middle line.

Trading recommendation:

Watch for potential selling opportunities if you see exhaustion pattern wit the downside targets at the price of $1.870 and $1.860.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

Key resistance is set at $1.883

Analyst InstaForex
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