FX.co ★ Analysis of Gold for Ocober 01,.2021 - Resistance on the test in the downside trending mode

Technical analysis:

Gold has been trading upside in last 24 hours but I see key resistance at $1,765 is on the test.

Trading recommendation:

Downside trend is still in progress and the Gold is testing resistance. My advice is to watch for potential downside rotation towards $1,723.

In case of the upisde breakout of $1,765, there is chance for test of $1,786.

Stochastic oscillator is showing fresh bull cross....