FX.co - Analysis of Gold for September 03,.2021 - Watch for the breakout of the balance

2021-09-03T11:30:08

Relevance until2021-09-04

Technical analysis:

Analysis of Gold for September 03,.2021 - Watch for the breakout of the balance

Gold is trading sideways at the price of $1,814. Watch for the breakout of the balance to confirm further direction.

Trading recommendation:

Due to the sideways regime, watch for breakout of support or resistance to confirm further direction.

The breakout of the resistance at the price of $1,820 will potentially lead Gold towards $1,833 and $1,860

Downside breakout of support at $1,803 will potentially lead Gold towards $1,782

*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 September 03,.2021 - Watch for the breakout of the balance