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28.09.202113:16 Forex Analysis & Reviews: Analysis of Gold for September 28,.2021 - First objective has been reached, second target set at $1.718

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Technical analysis:

Exchange Rates 28.09.2021 analysis

Gold has been trading downside as I expected. The price reached my first objective at $1,739 but It is heading towards second target at $1,718.

Trading recommendation:

Due to the strong downside cycle and the downside trend, watch for selling opportunities on the rallies.

Downside target is set at the price of $1,718

Stochastic oscillator is showing fresh bear cross, which is another sign for the downside continuation.

Petar Jacimovic
Analytical expert of InstaForex
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