23.07.202105:21 Forex Analysis & Reviews: Trading Signal for GOLD, XAU/USD, for July 23 - 26, 2021: Sell Below 1,806/12

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

The yellow metal XAU / USD, which is trading below the 21 SMA and below the 200 EMA, is under downward pressure as it is trading within a downtrend channel on 4-hour charts.

On Thursday, Gold fell to the low of 1,791. From this level, it has been rebounding and could now face a dynamic resistance from the 200 EMA around 1,806-1,812. This zone could keep Gold under downward pressure.

A pullback towards the top of the bearish channel (1,814) will favor a bearish scenario. However, in case of a break and consolidation above 1,814, there could be an upward movement towards the resistance zone of 1,843 (3/8).

Therefore, with any attempt to break the 1,812 level and if gold fails to consolidate above this level, will be used as a selling opportunity with targets at 1,790 and 1,781, the level of the lower line of the bearish channel and the zone of 1/8 of murray.

If you look at the chart when gold peaked at 1,833 on July 14, the 200 EMA acted as a very strong top. Now it is below this zone, which could limit the upside and favor our bearish outlook.

The eagle indicator is showing a bearish signal. If the price of gold remains below 1,812, it will be a good short-term selling opportunity.

Support and Resistance Levels for July 23 - 26, 2021

Resistance (3) 1,827

Resistance (2) 1,817

Resistance (1) 1,811

----------------------------

Support (1) 1,796

Support (2) 1,790

Support (3) 1,786

***********************************************************

Trading tip for XAU/USD (Gold) for July 23 - 26, 2021

Sell below 1,806 (SMA 21), or if pullback 1812, with take profit at 1,790 and 1781 (1/8), stop loss above 1,818.

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.