FX.co ★ Analysis of Gold for August 13,.2021 - Downside rotation in the play today

Technical analysis:

Gold has been trading upside today but on the very slow tempo, which is sign for the potential downside rotation.

Trading recommendation:

Main resistance at the price of $1,764 is on the test and there is no good volume on the upside move, which is sign for me that Gold can rotate lower.

Watch for selling opportunities with the downside target at $1,745

Stochastic oscillator is showing overbought condition and potential for the downside rotation.