FX.co ★ Analysis of Gold for July 10,.2020 - Potential for the another drop towards the $1.790

Technical analysis:

Gold has been ttrading downwards as I expected.The Gold reached and rejected of our first downward target at $1,797 but it is now in overbought zone with potential for further drop.

Trading recommendation:

Based on the 1H time-frame price action chart, I found that there is test and reject of the resistance at $1,810, which is good sign for ther further downside.

Watch for selling opportunities on the rallies using the intraday charts like 15/30 minutes for better entry location

Downward references (targets) are set at $1,797 and $1,790