FX.co ★ Analysis of Gold for May 05,.2021 - First target reached

Technical analysis:

BTC has been trading downside as I expected. The Gold has reached the first downside objectives at the price of $1.775 and the regime is now flat.

Trading recommendation:

Watch for potential selling opportunities in case of the downside breakout of support at $1.775 with the downside targets at $1.765 and $1.758.

Stochastic is showing negative reading, which is good sign for further downside continuation.

Key resistance is set at $1.796