FX.co ★ Analysis of Gold for August 27,.2021 - Second downside leg in creation

Technical analysis:

Gold has been trading sideways at the price of $1,795.Anyway, I see potential for the downside moment towards $1,776.

Trading recommendation:

Due to potential second downside leg in creation, I see potential for the selling opportunities with the first downside target at the price of $1,776.

Stochastic oscillator is showing bear cross in the background, which is good confirmation for further downside movement.

Resistance is set at the price of $1,810