FX.co - Analysis of Gold for July 14,.2020 - Both downward targets met at $1.796 and $1.790. Potential for further downside towards third target at $1.780

14 July 2020 at 11:21AM (UTC+0)

Relevance until15 July 2020 at 11:21AM (UTC+0)

Technical analysis:

Analysis of Gold for July 14,.2020 - Both downward targets met at $1.796 and $1.790. Potential for further downside towards third target at $1.780

Trading recommendation:

Watch for potential selling opportunities on the rallies due to breakout of the support at $1,795.

The third downward target is set at the price of $1,780.

Resistance levels are set at the price of $1,795

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for July 14,.2020 - Both downward targets met at $1.796 and $1.790. Potential for further downside towards third target at $1.780