FX.co ★ Analysis of Gold for March 25,.2022 - Upisde objective reached but potential for the downside rotation

Technical analysis:

Gold has been trading upside as I expected. The price reached my upside objective at $1.964. Anyway, there is strong resistance at the price of $1.970 and I see potential downside rotation.

Trading recommendation:

Due to strong resistance at $1.970, I see potential for the downside rotation.

Watch for potential selling opportunities with the downside objectives at $1.939 and $1.912.

Stochastic oscillator is showing overbought condition, which is another sign for the downside rotation.

Additionally, Gold reached upper trend-line projection...