FX.co - Analysis of Gold for July 29,.2021 - Breakout mode and potetnial for bigger rally towards $1.860

2021-07-29T11:14:06

Relevance until2021-07-30

Technical analysis:

Analysis of Gold for July 29,.2021 - Breakout mode and potetnial for bigger rally towards $1.860

Gold has been trading upside as I expected and the breakout mode is the condition that is present today.

Trading recommendation:

Watch for the buying opportunities on the intraday pullbacks with the next upside targets at the price of $1,835 and $1,81.

RSI oscillator is showing reading above 70 but with no signs of any reversal....

*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 29,.2021 - Breakout mode and potetnial for bigger rally towards $1.860