FX.co ★ Analysis of Gold for June 04,.2021 - First target at the price of $1.855 has been reached. Watch for selling on the rallies...

Technical analysis:

Gold has been trading downwards in last 24 hours and the price reached first objective at $1.855.Most recently, there is upward movement after the today's event nad numbers but I would still watch for selling opportunities on the rallies.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside target at $1.840.

Stochastic is showing oversold condition and that is reason for the most recent rally....

Downside target set at $1.840