logo

FX.co ★ Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

Technical analysis:

Analysis of Gold for May 21,.2021 - Potential for the downside rotation towards $1.870

Gold has been trading upside in the past 10 hours but there is still potential for the downside swing and re-test of the middle line.

Trading recommendation:

See also: InstaForex is one of the leaders in the Forex market, 12 years on the market, more than 7,000,000 active clients

Watch for potential selling opportunities if you see exhaustion pattern wit the downside targets at the price of $1.870 and $1.860.

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

Key resistance is set at $1.883

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account