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FX.co ★ Analysis of Gold for July 24,.2020 - Rejection of the rising trendline and potential for the ALL TIME high test at $1.921

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Forex Analysis

2020-07-24T11:39:21
iconRelevance until2020-07-26

Analysis of Gold for July 24,.2020 - Rejection of the rising trendline and potential for the ALL TIME high test at $1.921

Technical analysis:

Analysis of Gold for July 24,.2020 - Rejection of the rising trendline and potential for the ALL TIME high test at $1.921

Gold has been trading upwards as I expected. I still see potential for the rise towards the ALL TIME high at the price of $1,922.

Trading recommendation:

Watch for potential buying opportuntiies due to rejection of the rising trendline on the 1H time-frame and strong bullish momnentum in the background.

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