FX.co ★ Analysis of Gold for July 27,.2022 - Sideways regime, watch for the breakout

Technical analysis:

Gold has been trading sideways in the defined trading range. There is potential for the range expansion on the Gold.

Trading recommendation:

Due to the sideways regime, I see potential for the breakout mode.

In case of the breakout of the pivot support at $1.713, watch for selling opportunities with the downside objective at $1.685

In case of the upside breakout of resistance at $1.736, watch for buying opportunities on the intraday dips with upside objective at $1.750