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28.07.202113:48 Forex Analysis & Reviews: Analysis of Gold for July 28,.2021 - Watch for the breakout

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:

Exchange Rates 28.07.2021 analysis

Gold has been trading sideways at the price of $1,800. Watch for the breakout after the FOMC Press Conference to confirm further direction.

Trading recommendation:

Upside breakout of the resistance at the price of $1,806 can confirm rally towards $1,830

Downside breakout of support at $1,789 can confirm test of $1,7

Petar Jacimovic
Analytical expert of InstaForex
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