Daily Market Analysis 1 July 2022

Daily Market Analysis 1 July 2022

  • Market News
  • Daily Market News
  • 2022, 01 July

GOLD

Technical Outlook

On the daily chart, the XAU/USD set to close third week in the losses with a break of psychological $1,800 level on the daily chart. The bias still remains negative for the yellow metal.



Technical Indicators
Action
RSI (37)
SELL
Oscillator (1)
SELL
MACD (Below Midline)
SELL
200 EMA (1851)
SELL


Strategy


Scenario 1
Scenario 2
Action
SELL
BUY
Entry
$1,800
$1,810
Target 1
$1,790
$1,820
Target 2
$1,780
$1,830
Stop Loss
$1,810
$1,800


Key Signposts 

No key data

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