FX.co ★ Analysis of Gold for August 05,.2021 - Watch for the breakout

Technical analysis:

Gold has been trading sideways at the price of $1,812. There is potential for the breakout and my advice is to watch for the breakout.

Trading recommendation:

Watch for potential breakout to confirm further direction.

Upside breakout of the resistance at $1,830 can confirm further bullish movement towards $1,850

Downside breakout of the support at $1,785 can confirm bearish movement and test of $1,760