FX.co - Analysis of Gold for July 08,.2021 - Potential for the test of $1.825

2021-07-08T11:55:58

Relevance until2021-07-08

Technical analysis:

Analysis of Gold for July 08,.2021 - Potential for the test of $1.825

Gold has been trading upwards today and i see potential for bull continuation towards $1..825 and $1.830.

Trading recommendation:

Watch for buying opportunities on the pullbacks with the upside targets at $1.825 and $1.830.

Stochastic is showing overbought condition but with fresh bull cross, which is another sign that buyers are still in control..

Support is set at $1.806

*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 08,.2021 - Potential for the test of $1.825