FX.co ★ Analysis of Gold for June 21,.2022 - Broken rising channel in the background

Technical analysis:

Gold has been trading downside in the background and I found breakout of the mini upside channel, which is good sign for further downside movement.

Trading recommendation:

Due to the breakout of the mini upside channel and the breakout of the consolidation, I see potential for further downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at $1.815 and $1.803

MACD is showing neutral position with no momentum expansion, which is sign for the low momentum.

Key resistance is set at $1.857