Relevance up to 13:00 2022-07-28 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Technical analysis:
Gold has been trading sideways in the defined trading range. There is potential for the range expansion on the Gold. Trading recommendation: Due to the sideways regime, I see potential for the breakout mode. In case of the breakout of the pivot support at $1.713, watch for selling opportunities with the downside objective at $1.685 In case of the upside breakout of resistance at $1.736, watch for buying opportunities on the intraday dips with upside objective at $1.750
Read more: https://www.instaforex.eu/forex_analysis/286231
Read more: https://www.instaforex.eu/forex_analysis/286231
