FX.co - Analysis of Gold for September 27,.2021 - Downside continuation in the play

2021-09-27T12:10:41

Relevance until2021-09-28

Technical analysis:

Analysis of Gold for September 27,.2021 - Downside continuation in the play

Gold has been trading sideways at the price of $1,749, I see potential for the downside continuation towards $1,740 and $1,718.

Trading recommendation:

Due to strong downside trend in the background and bearish flag pattern in creation, I see potetnial for the downside continuation.

Watch for selling opportunities on the rallies with the downside targets at $1,740 and $1,718.

Resistance is set at $1,760

*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 27,.2021 - Downside continuation in the play