FX.co - Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

2020-07-22T10:58:13

Relevance until2020-07-24

Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

Technical analysis:

Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

BTC has been trading upwards. As I expected, Gold tested and broke our upward target at $1,840 with strong momentum. I still see more upside and potential for much higher price on Gold towards $1,915.

Trading recommendation:

Watch for potential buying opportunities on the dips using the hourly or 4H time-frame. The next upward target is set at the price of $1,914.

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

#Technical analysis #USD #Gold

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

Forex Analysis

Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915