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23.07.202013:21 Forex Analysis & Reviews: Analysis of Gold for July 23,.2020 - All time at $1.923 is in play. Strong upward movement....

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Technical analysis:

Exchange Rates 23.07.2020 analysis

Gold has been trading upside strongly and its heading towards the all time high at $1,923. I see more upside and buying the dips should be preferable.

Trading recommendation:

Watch for potential buying opportuntiies on the dips since the Gold is in the strong upside momentum.

Stochastic oscillator is is showing new momentum up, which is good sign for the further upside continaution.

Petar Jacimovic
Analytical expert of InstaForex
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