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22.09.202113:34 Forex Analysis & Reviews: Analysis of Gold for September 22,.2021 - Second downside leg in creation

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Technical analysis:

Exchange Rates 22.09.2021 analysis

Gold has been trading downside in past 6 hours and I see that second downside leg is in creation.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside target at $1,767

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

Key short-term resistance is set at $1,781

Petar Jacimovic
Analytical expert of InstaForex
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