FX.co - Analysis of Gold for July 13,.2021 - Watch for the downside rotation towards $1.792 and for the breakout

Forex Analysis:::2021-07-13T12:35:53

Analysis of Gold for July 13,.2021 - Watch for the downside rotation towards $1.792 and for the breakout

Technical analysis:

Analysis of Gold for July 13,.2021 - Watch for the downside rotation towards $1.792 and for the breakout

Gold has been trading sideways for days at the price of $1.812. Breakout opportunities are preferable according to the current condition.

Trading recommendation:

Watch for the breakout to confirm further direction

Upide breakout of the $1.815 can lead Gold towards $1.845

Downside breakout of the support at $1.792 can lead for test of $1.755

Petar Jacimovic

Analyst InstaForex