Analysis of Gold for September 14,.2021 - Buying climax and potential downside rotation

Technical analysis:


Gold made buying climax after the CPI news today but the main pivot at the price of $1,808 is on the test.

Trading recommendation:

Watch for potential reversion to the mean type of setups due to extreme condition.

Downside target is set at $1,793 and $1,782

In case of the upside breakout of $1,808 and pullback on lither volume I see potential for the upside continuation towards $1,826

The material has been provided by InstaForex Company -