FX.co ★ Analysis of Gold for September 15,.2021 - Buying climax and potential for the downside movement towards $1.792

Technical analysis:

Buying climax in the background and potential for the absorption in the next period.

Trading recommendation:

Watch for selling opportunities due to buying climax in the background.

Downside targets are at the price of $1,792 and $1,782.

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

Resistance is set at $1,808