FX.co ★ Analysis of Gold for March 16,.2022 - Potential for the downside continuation

Technical analysis:

Gold has been trading sideways at the price of $1.919 but I still see strong downside trend in the background and potential for the downside continuation.

Trading recommendation:

Due to strong downside momentum in the background, I see further downside continuation.

Watch for potential selling opportunities if the Gold breaks the level of $1.906.

Downside objectives will be set at the price of $1.880

Key resistance is set at the price of $1.960