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Subliminalroots
Jul 15, 2023 10:57 AM

XAUUSD - IDEAS AND OVER VIEWS WHAT TO DO COMING WEEK 

Gold Spot (XAUUSD)FXOpen

Description

Here is quick understanding about gold

Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day.

As per the current situation the resistance level that is coming ahead is $1963, followed by $1972. There is a good chance to sell from $1972 for at least 8$-10$ target. If by any chance gold breaks $1972 we can then aim for 1984$.

On the other side, if gold depletes, it is advisable to go for long positions from 1952$ or even 1940$, with the target to 1962$- 1972$.

resistance point - 1962, 1972, 1984
support point - 1950 -1940 - 1920

What do you guys think ?
Comments
zAngus
Greetings, well done on working out how to post ideas. We hope you enjoyed using the different charting tools and the experience. Hope it is one of many :)

From mod @zAngus
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