For Traders

Analytical Reviews

Technical analysis

15.07.202013:09 Forex Analysis & Reviews: Analysis of Gold for July 15,.2020 - Rejection of the major resistance at $1.815 and potential for drop towards $1.794-$1.775

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Gold has been trading upwards. The price tested and rejection of the marjor resistance at the price of $1,815, which is sign for the potential downside rotation. I see potential test of $1,794 and $1,775.

Trading recommendation:

Watch for potential selling opporutnities due to rejection of the major resistance and potential for play for the bottom of the trading range.

Downward targets are set at the price of $1,794 and $1,775

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.