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16.07.202114:15 Forex Analysis & Reviews: Analysis of Gold for July 16,.2021 - Potential for the upside continuation towards $1.833

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Technical analysis:

Exchange Rates 16.07.2021 analysis

Gold has been trading downwards today but I see big support at the price of $1.817. Upside opportunities are still preferable...

Trading recommendation:

Watch for potential bulish opportunities due to the potential end of the downside correction (ABC) and the upside continuation.

Trend is bullish in last few days and upside expected.

Key support is set at $1.817

Petar Jacimovic
Analytical expert of InstaForex
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