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01.10.2021: Forex Analysis & Reviews: Analysis of Gold for Ocober 01,.2021 - Resistance on the test in the downside trending mode


Technical
analysis:

analytics6157048e65228.jpg


Gold
has been trading upside in last 24 hours but I see key resistance at
$1,765 is on the test.


Trading
recommendation:


Downside
trend is still in progress and the Gold is testing resistance. My
advice is to watch for potential downside rotation towards $1,723.


In
case of the upisde breakout of $1,765, there is chance for test of
$1,786.


Stochastic oscillator is showing fresh bull cross....

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

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