FX.co ★ Analysis of Gold for June 1,.2021 - Potential for the downside swing and test of $1.855

Technical analysis:

Gold has been trading upside and the price tested the level fo $1.912 but I see big exhaustion and potential for the drop towards the level of $1.855.

Trading recommendation:

Watch for potential selling opportunities if you see the downside breakout of the mini upside channel.

Downside target is set at $1.855.

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