FX.co - Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

Forex Analysis:::2020-07-17T11:40:22

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

Technical analysis:

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to...

Gold has been trading downwards. As I expected, the Gold reached our first downward target at $1,794 but then rejected into the middle of the trading range again. I see sideways movement but with potential for the breakout and bigger direction movement.

Trading recommendation:

Petar Jacimovic

Analyst InstaForex

Author articles

#Technical analysis #Gold

FX.co ★ Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction

Analysis of Gold for July 17,.2020 - First downside target at $1.795 has been reached. Gold still trading inside of TR, so watch for the directional breakout to confirm further direction