Analysis of Gold for May 24,.2021 - Watch for potential breakout of the rising channel

Technical analysis:

Gold has been trading sideways at the price of $1.881. Anyway, there is potential for the drop towards the $1.862.

Trading recommendation:

Watch for potential selling opportunities in case of the downside breakout of support at $1.875.

Downside targets are set at the price of $1.862 and $1.852.

Based on the structure I expect another downside swing to complete bigger ABC structure.

Stochastic is showing neutral condition.

Resistance is set at : $1.890