FX.co ★ Gold 01.08.2020 - Main upside target at the prrice of $1.600 reached, watch to buy on the dips due to strong bullish condition in the background

Gold reached my main target at the price of $1.600 but it lots of buyers exited their long positions there, which caused the price to trade lower towards the support at $1.570.

My advice is still to watch for buying opportunities on the dips and seems like that Gold is oversold on intraday prospective. Upward targets are set at $1.588 and $1.600.

Resistance level is seen at the price of $1.585 and $1.600

Support levels are seen at $1.570 and $1.555