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FX.co ★ Technical analysis of gold

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Forex Analysis:::2022-07-28T10:11:47

Technical analysis of gold

Gold:

Technical analysis of gold

The chart shows the movement of gold in the four-hour (H4) chart.

Comparing the recent movement to that of June 13's, it is clear that the resistance level of $1755.0 is very important for a further price increase. Most likely, there will be a correction to $1727.0 if this level is broken. The breakout will also convince traders to a growth towards a new target of $1772.0 per 1 troy ounce.

Analyst InstaForex
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