FX.co - Analysis of Gold for August 04,.2021 - Critical test of the pivot resistance at $1.820

2021-08-04T11:54:40

Relevance until2021-08-05

Technical analysis:

Analysis of Gold for August 04,.2021 - Critical test of the pivot resistance at $1.820

Gold is approaching important pivot level at $1,820 and the price action around this level will be critical for further diction.

Trading recommendation:

In case of the rejection of the pivot at $1,820, watch for the downside movement towards $1,806

In case of the breakout upside and price above $1,820 on high volume, watch for buying towards $1,831

*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 August 04,.2021 - Critical test of the pivot resistance at $1.820