Analysis of Gold for June 21,.2021 – Potential for another big drop towards $1.682

Technical analysis:

Gold has been trading upwards due to oversold condition on Friday but I still see potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities with the the main downside target at the price of $1.682.

Sellers are in control and I see potential running flat type of correction in the play, which is another sign of the weakness.

The trend is bearish with no evidence of reversal….

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