Analysis of Gold for October 12,.2021 - Watch for downside rotation

Technical analysis: Gold has been trading upside this morning but I see potential for the downside rotation due to extreme condition. Trading recommendation: Watch for selling opportunities due to upside exhaustion in the background. The downside targets are set at $1757 and $1,751. Stochastic is showing bearish divergence and potential for the further downside movement. Resistance is set at $1,765The material has been provided by InstaForex Company - www.instaforex.com

Analysis of Gold for October 12,.2021 - Watch for downside rotation

Technical analysis:

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Gold has been trading upside this morning but I see potential for the downside rotation due to extreme condition.

Trading recommendation:

Watch for selling opportunities due to upside exhaustion in the background. The downside targets are set at $1757 and $1,751.

Stochastic is showing bearish divergence and potential for the further downside movement.

Resistance is set at $1,765

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