FX.co - Analysis of Gold for May 14,.2021 - Big supply cluster at teh price of $1.840

2021-05-14T11:36:37

Relevance until2021-05-16

Technical analysis:

Analysis of Gold for May 14,.2021 - Big supply cluster at teh price of $1.840

Goldhas been trading upside but I found strong resistance at the price of $1.840. THere is potential for the downside rotation.

Trading recommendation:

Watch for potential selling opportunities at $1.838 for the further downside movement.

Downside targets are set at the price of $1.820 and $1.810.

Stochastic is showing overbought condition and potential for the downside rotation.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for May 14,.2021 - Big supply cluster at teh price of $1.840