FX.co - Analysis of Gold for July 28,.2021

2021-07-28T11:48:29

Relevance until2021-07-30

Technical analysis:

Analysis of Gold for July 28,.2021 - Watch for the breakout

Gold has been trading sideways at the price of $1,800. Watch for the breakout after the FOMC Press Conference to confirm further direction.

Trading recommendation:

Upside breakout of the resistance at the price of $1,806 can confirm rally towards $1,830

Downside breakout of support at $1,789 can confirm test of $1,7

*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 28,.2021 - Watch for the breakout