FX.co - Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

2020-07-17T11:40:22

Relevance until2020-07-19

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

Technical analysis:

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to...

Gold has been trading downwards. As I expected, the Gold reached our first downward target at $1,794 but then rejected into the middle of the trading range again. I see sideways movement but with potential for the breakout and bigger direction movement.

Trading recommendation:

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

#Technical analysis #Gold

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

Forex Analysis

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction