FX.co - Analysis of Gold for July 07,.2020 - Breakout of the rising wedge in the background and potential for the further drop towards $1.757

2020-07-07T12:16:50

Relevance until2020-07-08

Technical analysis:

Analysis of Gold for July 07,.2020 - Breakout of the rising wedge in the background and potential for the further drop towards $1.757

Trading recommendation:

Watch for potential downside opportunities due to breakout of the rising wedge in the background.

Downward targets are set at the price of $1,757 and $1,750

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for July 07,.2020 - Breakout of the rising wedge in the background and potential for the further drop towards $1.757