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FX.co ★ Analysis of Gold for September 30,.2021 - Downside continuation in the play

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Forex Analysis:::2021-09-30T11:31:51

Analysis of Gold for September 30,.2021 - Downside continuation in the play

Technical analysis:

Analysis of Gold for September 30,.2021 - Downside continuation in the play

Gold has been trading downside as I expected. Sellers are in control and I expect further downside continuation.

Trading recommendation:

Watch for potential selling opportunities on the rallies due to strong bear pressure.

Downside targets are set at $1,717 and $,685 (pinbar zone).

Stochastic is showing extreme downside condition and bear reading, which is another sign and confirmation for the downside continuation.

Resistance is set at $1,738

Analyst InstaForex
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