FX.co - Gold analysis for September 02 2021 - Watch for the breakout of the 3-day balance

2021-09-02T08:57:22

Relevance until2021-09-03

Technical analysis:

Gold analysis for September 02 2021 - Watch for the breakout of the 3-day balance

Gold has been trading sideways at the price of $1,815. Watch for the breakout...

Trading recommendation:

I found that Gold created the 3-day balance and that watching for the breakout seems like the best idea under current condition.

If the price breaks the resistance at $1,822, there is potential for the test of $1,833 and $1,860

IF the price breaks support at $1,801 it can confirm test of $1,782

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Gold analysis for September 02 2021 - Watch for the breakout of the 3-day balance