Gold $ spot: heading for some support? Short

GOLD (US$/OZ)TVC

Description

⋅ Jul 22, 2021 5:48 AM

A bearish trend is applicable below 1830.
It would appear that the 200-day acted as major resistance.
Downside price momentum supports the bearish trend.
Target: 1750 (?)
Stop-loss: 1820

Trend Analysis Technical Indicators

Comments

Thinus5422

⋅ Jul 22, 2021 1:53 PM

Thank you for analysis. Agree gold price is going down/consolidate lower.