15.03.202214:32 Forex Analysis & Reviews: Analysis of Gold for March 15,.2022 - Downside objective reached but potential for next target at $1.886

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Technical analysis:

Gold has been trading downside as I expected. The price has been reached downside objective at $1,920 and is heading towards next downside objective.

Trading recommendation:

Due to strong downside pressure and no sign for the reversal yet, I see further downside continuation.

Watch for selling opportunities on the rallies with the next downside objective at the price of $1.885 (cluster of lows).

MACD oscillator is showing negative reading which is sign that selling pressure is still heavy.

Resistance level is set at the price of $1.960

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