FX.co ★ Analysis of Gold for August 23,.2021 - Inside day formation, watch for the breakout to confrim further direction

Technical analysis:

Gold has been trading sideways at the price of $1,792. The breakout mode can be in play for the next period.

Trading recommendation:

Watch for potential breakout of the inside day formations and rectangle consolidation.

The breakout of the resistance at $1,805 can confirm test of $1,830

The breakout of the support at $1,775 can confirm test of $1,756