FX.co ★ Analysis of Gold for May 27,.2021 - Second downside leg in creation and potential for drop towards $1.875

Technical analysis:

Gold has been trading downwards as I expected. There is the second downside leg in creation, which is good indication for the further downside continuation.

Trading recommendation:

Watch for potential selling opportunities on the rallies wit the downside targets at the price of $1.880 and $1.873.

Stochastic is showing negative reading and there no extreme condition yet....

Additionally, I projected parallel line to find downside objective.