Main Quotes Calendar Forum
flag

FX.co ★ Analysis of Gold for October 21,.2021 - Potential for the downside continuation

parent
Forex Analysis:::2021-10-21T11:33:59

Analysis of Gold for October 21,.2021 - Potential for the downside continuation

Technical analysis:

Analysis of Gold for October 21,.2021 - Potential for the downside continuation

Gold has been trading downside this morning and I see potential for further drop towards lower levels.

Trading recommendation:

Watch for selling opportunities on the rallies due to upside exhaustion and price above value.

Downside targets are set at the price of $1,768 and $1,760

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

Key resistance is set at $1,789

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...