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FX.co ★ Analysis of Gold for August 19,.2021 - Resistance at $1.790 on the test

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Forex Analysis:::2021-08-19T11:39:02

Analysis of Gold for August 19,.2021 - Resistance at $1.790 on the test

Technical analysis:

Analysis of Gold for August 19,.2021 - Resistance at $1.790 on the test

Gold has been trading upside today but the main resistance at the price of $1,790 is on the test. There is potential for the downside rotation.

Trading recommendation:

Watch for selling opportunities around main resistance at $1,790 with downside targets at $1,778.

Stochastic is on extreme reading but with no evidence for the reversal...

Analyst InstaForex
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