FX.co - Analysis of Gold for September 14,.2021 - Buying climax and potential downside rotation

2021-09-14T15:33:07

Relevance until2021-09-15

Technical analysis:

Analysis of Gold for September 14,.2021 - Buying climax and potential downside rotation

Gold made buying climax after the CPI news today but the main pivot at the price of $1,808 is on the test.

Trading recommendation:

Watch for potential reversion to the mean type of setups due to extreme condition.

Downside target is set at $1,793 and $1,782

In case of the upside breakout of $1,808 and pullback on lither volume I see potential for the upside continuation towards $1,826

*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 ★ Analysis of Gold for September 14,.2021 - Buying climax and potential downside rotation