FX.co ★ Analysis of Gold for August 04,.2021 - Critical test of the pivot resistance at $1.820

Technical analysis:

Gold is approaching important pivot level at $1,820 and the price action around this level will be critical for further diction.

Trading recommendation:

In case of the rejection of the pivot at $1,820, watch for the downside movement towards $1,806

In case of the breakout upside and price above $1,820 on high volume, watch for buying towards $1,831