FX.co ★ Analysis of Gold for May 25,.2021 - Watch for the downside breakout to confirm bearish direction

Technical analysis:

BTC has been trading sideways at the price of $1.883 but there is still potential for the drop and the downsdie break.

Trading recommendation:

Watch for potential downside breakout of support at the price of $1.875. If you see the downside breakout, watch for the rally on lower volume for sell opportunity with the downside targets at $1.863 and $1.853.

Stochastic is showing extreme reading with the fresh bear cross, which is good confirmation for the downside.

Resistance set at the price of $1.886