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FX.co ★ Analysis of Gold for July 20,.2021 - V shape reversal and potential for the rally towards $1.825

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Forex Analysis:::2021-07-20T11:06:48

Analysis of Gold for July 20,.2021 - V shape reversal and potential for the rally towards $1.825

Technical analysis:

Analysis of Gold for July 20,.2021 - V shape reversal and potential for the rally towards $1.825

Gold has been trading upside since yesterday's late EU session. I saw V shape reversal yesterday and continuation al pattern today.

Trading recommendation:

Watch for potential buying opportunities on the intraday dips wit the upside targets at the price of $1,825 and $1,833.

RSI oscillator is showing positive reading above 50, which is good sign for further rally....

Support is set at the price of $1,811

Analyst InstaForex
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