FX.co ★ Technical Analysis of Daily Price Movement of Gold Commodity Asset, Wednesday July 26 2023.

On the daily chart for commodity assets Gold you can see the CCI indicator managed to penetrate above its three levels where this condition confirms that in the near future Gold will rise up to test the 1999.06 level. If this level is successfully broken above then Gold has the potential to continue strengthening up to 2080.45 but if 1999.06 managed to halt the rally up above Gold so that it turned down and broke below the 1931.73 level, so the scenario of a bullish rally described earlier would be invalid.

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