FX.co - Analysis of Gold for August 24,.2021 - Breakout of previous day high but with lower volume

2021-08-24T12:55:13

Relevance until2021-08-25

Technical analysis:

Analysis of Gold for August 24,.2021 - Breakout of previous day high but with lower volume

Gold has been trading upside today but on the average volume to below the average volume, which is sign that there is no big money involved.

Trading recommendation:

Watch for potential downside rotation and break below $1,803 to confirm downside rotation.

Downside targets can be $1,797 and $1,794

*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 August 24,.2021 - Breakout of previous day high but with lower volume