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FX.co ★ Analysis of Gold for July 22,.2021 - Exhaustion from sellers and potential for the rally towards $1.810

Analysis of Gold for July 22,.2021 - Exhaustion from sellers and potential for the rally towards $1.810

Technical analysis:

Analysis of Gold for July 22,.2021 - Exhaustion from sellers and potential for the rally towards $1.810

Gold has been trading downwards in past 24 hours but is see very slow tempo and exhaustion, which is sign for the potential rally.

Trading recommendation:

Watch for potential buying opportunities due to the oversold condition and test of the strong support at the price of $1,1792.

Upside targets are set at the price of $1,810 and $1,825

Stochastic is showing oversold condition but no fresh bull cross...

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