FX.co - Analysis of Gold for October 25,.2021

2021-10-25T12:45:52

Relevance until2021-10-26

Technical analysis:

Analysis of Gold for October 25,.2021 - After climax effect

Gold has been trading in the tight upside channel after the big selling climax in the background.

Trading recommendation:

Due to strong selling climax in the background, there is still chance for the downside continuation.

Watch for the potential breakout of the rising channel to confirm further downside continuation.

Downside objective will be set at $1,784

Key resistance is set at $1,813

*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 October 25,.2021 - After climax effect