FX.co - Analysis of Gold for July 14,.2021 - Upside breakout of the consolidation and potential for test of $1.850

2021-07-14T12:30:06

Relevance until2021-07-15

Technical analysis:

Analysis of Gold for July 14,.2021 - Upside breakout of the consolidation and potential for test of $1.850

Gold has been upside and I found the upside breakout and potential for the test of $1.850.

Trading recommendation:

Due to the breakout of the 5-day balance, my advice is to watch for potential buying opportunities on the pullbacks.

Upside objective is set at the price of $1.850.

Stochastic is showing overbought condition but with bulls in control, which is sign that buyers are still in control.

Additionally, there is the breakout of the upper Bollinger Band.

*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 14,.2021 - Upside breakout of the consolidation and potential for test of $1.850