FX.co - Analysis of Gold for July 26,.2021 - Upside breakout in play for potetnial test of $1.823

2021-07-26T11:30:20

Relevance until2021-07-27

Technical analysis:

Analysis of Gold for July 26,.2021 - Upside breakout in play for potetnial test of $1.823

BTC has been trading upwards as I expected and there is good potential for the further rally.

Trading recommendation:

Watch for potential breakout of the key resistance at the price of $1,810 to confirm further upside movement towards $1,823 and $1,833.

Key support is set at the price of $1,790.

Stochastic oscillator is showing overbought condition but with no bear cross, which is sign that buyers are in control.

*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 26,.2021 - Upside breakout in play for potetnial test of $1.823