Daily Market Analysis 19 July 2022

Daily Market Analysis 19 July 2022

  • Market News
  • Daily Market News
  • 2022, 19 July

GOLD

Technical Outlook

Gold price manages to stay above $1,700 as it picked up the bids after hitting a low of $1,705 in the last session. The oversold technical indicators suggest more upside in the precious metal.


Technical Indicators
Action
RSI (25)
SELL
Oscillator (09) 
BUY
MACD (Below Midline) 
SELL
200 EMA (1837)
SELL


Strategy


Scenario 1
Scenario 2
Action
Sell
Sell
Entry
$1,710
$1,720
Target 1
$1,700
$1,710
Target 2
$1,690
$1,700
Stop Loss
$1,720
$1,730

Key Signposts

No key data


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