Analysis of Gold for July 15,.2021 - Breakout of the balance and potential test of $1.845

Technical analysis:

Gold has been trading upwards as I expected. I see potential for further rally towards the $1.845.

Trading recommendation:

Main cause for the current upside movement is the breakout of the 6-days balance in the background.

My advice is still to watch for intraday buying opportunities on the dips with the upside targets at $1.845 and $1.855.

Stochastic is showing overbought condition but with no evidence for the bear cross....