FX.co - Analysis of Gold for September 21,.2021 - Key supply zone on the test

2021-09-21T11:46:03

Relevance until2021-09-22

Technical analysis:

Analysis of Gold for September 21,.2021 - Key supply zone on the test

Gold has been trading upside but the price is testing key supply-resistance zone at $1,768-$1,775

Trading recommendation:

Watch for potential selling opportunities if you see reversal intraday pattern.

Downside objectives are set at $1,758 and $1,742

Stochastic is showing extreme condition and potential for the downside rotation

*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 21,.2021 - Key supply zone on the test