Technical Analysis (Gold) : XAU/USD 7 July 2021

7 July 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 7 July 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 July 2021

Pivot point : 1805.00

Our preference : short positions below 1805.00 with targets at 1789.00 & 1783.00 in extension.

Alternative scenario : above 1805.00 look for further upside with 1815.00 & 1825.00 as targets.

Comment : as long as the resistance at 1805.00 is not surpassed, the risk of the break below 1789.00 remains high.

Supports and resistances :

1825.00 **
1815.00 *
1805.00
1797.86 – Last price
1789.00
1783.00 *
1776.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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