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FX.co ★ Analysis of Gold for October 12,.2021 - Watch for downside rotation

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Forex Analysis:::2021-10-12T11:40:22

Analysis of Gold for October 12,.2021 - Watch for downside rotation

Technical analysis:

Analysis of Gold for October 12,.2021 - Watch for downside rotation

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

Trading recommendation:

Watch for selling opportunities due to upside exhaustion in the background. The downside targets are set at $1757 and $1,751.

Stochastic is showing bearish divergence and potential for the further downside movement.

Resistance is set at $1,765

Analyst InstaForex
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