Analysis of Gold for May 31,.2021 - Potential for the downside swing and test of $1.853

Technical analysis:

Gold has been trading sideways at the price of $1.905 but I see potential for the further downside movement.

Trading recommendation:

Watch for potential selling opportunistic due to overbought condition and not enough power from buyers.

Downside targets are set at the price of $1.888 and $1.853.

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