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29.07.202113:14 Forex Analysis & Reviews: Analysis of Gold for July 29,.2021 - Breakout mode and potetnial for bigger rally towards $1.860

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Technical analysis:

Exchange Rates 29.07.2021 analysis

Gold has been trading upside as I expected and the breakout mode is the condition that is present today.

Trading recommendation:

Watch for the buying opportunities on the intraday pullbacks with the next upside targets at the price of $1,835 and $1,81.

RSI oscillator is showing reading above 70 but with no signs of any reversal....

Petar Jacimovic
Analytical expert of InstaForex
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