FX.co - Analysis of Gold for June 23,.2021 - Potential for the downside continuation towards $1.725

2021-06-23T11:29:38

Relevance until2021-06-25

Technical analysis:

Analysis of Gold for June 23,.2021 - Potential for the downside continuation towards $1.725

Gold has been trading sideways but there is potential for the bigger drop towards $1.725.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at $1.725 and $1.680.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.Resistance is set at $1.797

*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 June 23,.2021 - Potential for the downside continuation towards $1.725