FX.co - Analysis of Gold for July 23,.2021 - Strong reaction from buyers of the key support at $1.790

2021-07-23T12:32:54

Relevance until2021-07-24

Technical analysis:

Analysis of Gold for July 23,.2021 - Strong reaction from buyers of the key support at $1.790

Gold has been trading downside but it reached strong support at the price of $1,790.

Trading recommendation:

Watch for potential buying opportunities due to extreme condition and rejection from the key support at the price of $1,790.

Upside targets are set at the price of $1,808 and $1,823.

Stochastic oscillator is showing bear cross but reading around 50 level.

*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 23,.2021 - Strong reaction from buyers of the key support at $1.790