Dollar in Focus as Dual NFP Report and Global FX Shifts Shape Market Outlook
UK Wage Growth Slows Sharply, Paving the Way for Rate Cuts
Eurozone PMI Signals Resilient Growth Despite Manufacturing Slowdown
Fed Faces Liquidity Pressures as Balance Sheet Freeze Meets Market Ti
France’s Social Security Budget Passes by Narrow Margin, Raising Fiscal Risks for 2026
Gold has been trading sideways at the price of $1.673 in the mini channel (potential bear flag pattern), which is sign that we might see further downside continuation.
Due to the channeling mode in the downside trend, I see potetnial for the further downside movement.
Watch for the potential selling opportunities in the case of the breakout of the mini channel.
Downside objectives are set at the price of $1.654 and $1.576
Stochastic oscillator is showing fresh downside cross from the overbought zone, which is good sign for further downside continuation.
Key resistance is set at the price of $1.680-$1.690
Relevance up to 08:00 2022-09-21 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
