FX.co - Analysis of Gold for July 30,.2021 - First target reached at $1.830 but potential for second target at $1.847

2021-07-30T11:56:00

Relevance until2021-07-31

Analysis of Gold for July 30,.2021 - First target reached at $1.830 but potential for second target at $1.847

Technical analysis:

Analysis of Gold for July 30,.2021 - First target reached at $1.830 but potential for second target at $1.847

Gold has been trading upwards as I expected. The price tested main upside objective at the price of $1,830 but there is still more potential for the upside movement towards $1,845.

Trading recommendation:

Watch for potential breakout of the bracketing market to confirm upside continuation.

Upside target is set at $1,847.

Stochastic is showing fresh bear cross and overbought condition but with no big reaction from sellers...

Support level is set at the price of $1,825

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

#Technical analysis #USD #Gold #Commodity

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ Analysis of Gold for July 30,.2021 - First target reached at $1.830 but potential for second target at $1.847

Forex Analysis

Analysis of Gold for July 30,.2021 - First target reached at $1.830 but potential for second target at $1.847