20.09.202114:35 Forex Analysis & Reviews: Analysis of Gold for September 20,.2021 - Downside continuation in the play

Technical analysis:

Exchange Rates 20.09.2021 analysis

Gold has been trading upside this morning but I see potential end of the rally and downside continuation.

Trading recommendation:

Due to strong downside trend on larger frame in the background and intraday bear divergence, watch for selling opportunities.

Downside target is set at the price of $1,743

Stochastic is showing bear divergence and fresh bear cross, which is good sign for the downside continuation.

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

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
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