FX.co ★ Analysis of Gold for July 06,.2021 - Extreme upside condiiton and potential for downside rotation towards $1.795

Technical analysis:

Gold has been trading upside but I see potential for the downside rotation due to extreme condition.

Trading recommendation:

Watch for potential selling with the downside target at the price of $1.795.

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

Resistance is set at the price of $1.810