For Traders

Analytical Reviews

Technical analysis

22.07.202113:46 Forex Analysis & Reviews: Analysis of Gold for July 22,.2021 - Exhaustion from sellers and potential for the rally towards $1.810

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 downwards in past 24 hours but is see very slow tempo and exhaustion, which is sign for the potential rally.

Trading recommendation:

Watch for potential buying opportunities due to the oversold condition and test of the strong support at the price of $1,1792.

Upside targets are set at the price of $1,810 and $1,825

Stochastic is showing oversold condition but no fresh bull cross...

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.