FX.co ★ Analysis of Gold for September 09,.2021 - Watch for selling opportunities around key bear zone

Technical analysis:

Gold has been trading upside this morning but the key resistance zone at the price of $1,800-$1,805 is on the test.

Trading recommendation:

Due to teest of major supply zone in the background, my advice is to watch for potential several pattern to confirm further downside rotation.

Downside targets are set at the price of $1,795 and $1,787

Stochastic oscillator is in overbought zone, which is another sign that intraday market is on extreme.