Daily Market Analysis 18 July 2022

Daily Market Analysis 18 July 2022

  • Market News
  • Daily Market News
  • 2022, 18 July

GOLD

Technical Outlook

On the daily chart, XAU/USD rebounds from the crucial support level of $1,700 as the bulls manage to defend it. The precious metal breaks the level briefly in the last week but rebounds, keeping hope for short term recovery.


Technical Indicators
Action
RSI (30) 
SELL
Oscillator (16)
SELL
MACD (Below Midline)
SELL
200 EMA (1838)
SELL


Strategy


Scenario 1
Scenario 2
Action
Buy
Buy
Entry
$1,715
$1,720
Target 1
$1,725
$1,730
Target 2
$1,735
$1,740
Stop Loss
$1,705
$1,710


Key Signposts

No key data

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