FX.co - Analysis of Gold for September 15,.2021 - Buying climax and potential for the downside movement towards $1.792

15 September 2021 at 11:44AM (UTC+0)

Relevance until16 September 2021 at 11:44AM (UTC+0)

Technical analysis:

Analysis of Gold for September 15,.2021 - Buying climax and potential for the downside movement towards $1.792

Buying climax in the background and potential for the absorption in the next period.

Trading recommendation:

Watch for selling opportunities due to buying climax in the background.

Downside targets are at the price of $1,792 and $1,782.

Stochastic is showing fresh bear cross into extreme zone, which is another sign and confirmation for the downside rotation.

Resistance is set at $1,808

*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 15,.2021 - Buying climax and potential for the downside movement towards $1.792