Analysis of Gold for June 18,.2021 - Breakout of the bear flag pattern and potential for re-test of $1.768

Technical analysis:

Gold has been trading upside this morning but I see further downside continuation for today.

Trading recommendation:

Watch for potential selling opportunities on the rallies due to breakout of the bear flag pattern.

Downside target is set at the price of $1.768

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside continuation.