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FX.co ★ Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

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Forex Analysis:::2020-07-22T10:58:13

Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

Technical analysis:

Analysis of Gold for July 22,.2020 - First upward target at the price of $1.840 reached and potential for the next big target at $1.915

BTC has been trading upwards. As I expected, Gold tested and broke our upward target at $1,840 with strong momentum. I still see more upside and potential for much higher price on Gold towards $1,915.

Trading recommendation:

Watch for potential buying opportunities on the dips using the hourly or 4H time-frame. The next upward target is set at the price of $1,914.

Analyst InstaForex
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