FX.co ★ Analysis of Gold for June 29,.2021 - Breakout of symmetrical triangle and potential for bigger drop towards $1.680

Technical analysis:

Gold has been trading downwards as I expected. There is the breakout of the symmetrical triangle and potential for the bigger drop.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at the price of $1.755 and $1.681

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