FX.co ★ Analysis of Gold for July 21,.2020 - Breakout of the trading range and strong upside momentum. Wait for pullback for long opporutnities towards the $1.840

Technical analysis:

Gold has been trading upwards due to the breakout of the well defined trading range in the background. I see further upside movement towards the $1,840.

Trading recommendation:

Watch for potential buying opportunities on the pullbacks due to strong upside pressure in the background and the breakout of the trading range.

The upward target is set at the price of $1,840

Support level now became the level of recent resistance at $1,820