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FX.co ★ Analysis of Gold for July 19, 2023 - Important pivot level on the test

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Forex Analysis:::2023-07-19T07:51:20

Analysis of Gold for July 19, 2023 - Important pivot level on the test

Technical analysis:

Analysis of Gold for July 19, 2023 - Important pivot level on the test

Gold has been trading upside yesterday and I found that key resistance cluster at hte price of $1.982 is on the test today.

In case of the rejection of the key resistance at $1.982, I see potential for the rotation back downside towards $1.960

In case of the breakout of the resistance at $1.982, I see potential for the further rally towards $2.000

Analyst InstaForex
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