FX.co ★ Analysis of Gold for March 30,.2022 - Re-test phase and potential for bigger downside movement

Technical analysis:

Gold has been trading downside as I expected. The price reached the downside objective at the $1.895. Anyway, I still see potential for another downside movement.

Trading recommendation:

Due to the breakout of the channel in the background and re-test phase, I see potential for the downside continuation.

Watch for potential selling opportunities with the downside objective at $1.895 and $1.880.

Resistance is set at the price of $1.928