FX.co ★ Analysis of Gold for December 29,.2021 - Watch for the downside continuation patterns

Technical analysis:

Gold has been trading downside today after the strong rejection of the main pivot at $1,815.

Trading recommendation:

Due to strong reversal from yesterday, I see potential for further downside continuation.

Watch for selling opportunities on the intraday rallies wit hthe downside objectives at $1,785.

Stochastic is showing bear reading in the oversold zone but with no evidence for the reversal.

Key resistance is set at $1,815