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30.06.2021 01:57 PM
Analysis of Gold for June 23,.2021 - First target at the price of $1.755 reached. Next downside target set at $1.681

Technical analysis:

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Gold has been trading downwards as I expected. The price has reached the first downside objective at $1.755 and is heading towards $1.681.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside target at $1.681.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

I see no sign of reversal....

Resistance is set at $1.794

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