ForexLeague

XAUUSD Daily Analysis July 26th, 2020

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold Long idea

BULLISH! Nothing recently has hinted at any sign of bearish pressure.

Price action remains with strong bullish momentum and is currently resting at the 1900 level.

To make a high probability trade we want to see a retrace to a key fib level (the 38.2% or 61.8%). Enter on strong bullish setups confirming structure, target higher toward key resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.