FX.co ★ Analysis of Gold for July 15,.2020 - Rejection of the major resistance at $1.815 and potential for drop towards $1.794-$1.775

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