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GreenGateFX
Jul 31, 2021 3:28 PM

21FX XAUUSD - Daily 

GoldOANDA

Description

Very choppy price action on Gold, especially during the last week where it looked like it would finally breakout and leave the range. Unfortunately for bulls we've seen a pullback forming a double top on the 4H timeframe. We will need to see how the price reacts on Monday to identify the next move.

There are two important levels here: 1842 and 1797. Breaking above will lead the price to achieve more gains targeting the 1870 levels, breaking below 1797 will be very negative for Gold.

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Comments
Taopeterson
Great insight! Very helpful
GreenGateFX
@Taopeterson, Thank you.
KnightsofGold
Great work!
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