FX.co ★ Analysis of Gold for September 20,.2021 - Downside continuation in the play

Technical analysis:

Gold has been trading upside this morning but I see potential end of the rally and downside continuation.

Trading recommendation:

Due to strong downside trend on larger frame in the background and intraday bear divergence, watch for selling opportunities.

Downside target is set at the price of $1,743

Stochastic is showing bear divergence and fresh bear cross, which is good sign for the downside continuation.