Analysis of Gold for October 08,.2021 - Watch for the breakout of conslidation

Technical analysis: Gold has been trading sideways at the price of $1,763. I see potential for the the breakout play due to the contraction period. Trading recommendation: Watch for the breakout play. Upside breakout of the $1,770 can confirm test of $1,786 Downside breakout of support at $1,746 can confirm test of $1,720The material has been provided by InstaForex Company - www.instaforex.com

Analysis of Gold for October 08,.2021 - Watch for the breakout of conslidation

Technical analysis:

analytics616038f606222.jpg

Gold has been trading sideways at the price of $1,763. I see potential for the the breakout play due to the contraction period.

Trading recommendation:

Watch for the breakout play.

Upside breakout of the $1,770 can confirm test of $1,786

Downside breakout of support at $1,746 can confirm test of $1,720

The material has been provided by InstaForex Company - www.instaforex.com