Analysis of Gold for July 28,.2021 - Watch for the breakout

Technical analysis:

Gold has been trading sideways at the price of $1,800. Watch for the breakout after the FOMC Press Conference to confirm further direction.

Trading recommendation:

Upside breakout of the resistance at the price of $1,806 can confirm rally towards $1,830

Downside breakout of support at $1,789 can confirm test of $1,7