FX.co ★ Technical analysis: Intraday levels for Gold, May 21, 2018

On the daily chart, Gold is now making a lower low and higher low. It means Gold is trading with a bearish bias, as we can see the Stochastic is now already in the oversold conditio. So in a few days ahead, there will be correction to the upsides before the price goes back to the previous bias (Bearish) as long as Gold does not make a breakout and closes above $1,325.48. 60% of the time the price will continue to go down after correction.

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