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Analysis of Gold for February 18,.2022 - Watch for downside rotation on the Gold

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Technical analysis:

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Gold has been trading upside this morning but I see potential for the downside correction towards lower references.

Trading recommendation:

Due to potential overbought condition and extreme high reading, I see potential for the downside correction and rotation.

My advice is to watch for selling opportunities with the downside objectives at $1,886 and $1,879.

Resistance is set at the price of $1,901


Trading analysis offered by Complex Trader - a RobotFX partner.
Source #RobotFX Team
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