FX.co - Analysis of Gold for July 16,.2021 - Potential for the upside continuation towards $1.833

2021-07-16T12:15:10

Relevance until2021-07-17

Technical analysis:

Analysis of Gold for July 16,.2021 - Potential for the upside continuation towards $1.833

Gold has been trading downwards today but I see big support at the price of $1.817. Upside opportunities are still preferable...

Trading recommendation:

Watch for potential bulish opportunities due to the potential end of the downside correction (ABC) and the upside continuation.

Trend is bullish in last few days and upside expected.

Key support is set at $1.817

*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 16,.2021 - Potential for the upside continuation towards $1.833