FX.co ★ Analysis of Gold for June 25,.2021 - Symmetrical triangle in creation. Watch for the breakout to confirm furthe direction

Technical analysis:

Gold has been trading sideways at the price of $1.784. There is potential for the bigger drop but the price would need to break the symmetrical triangle pattern to confrim downside continuation.

Trading recommendation:

Watch for potential selling opportunities in case of the downside breakout of support at $1.773

Downside targets are set at the price of $1.757 and $1.681..

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