Technical Analysis on Gold(XAUUSD)

 📕 Comment on Gold on 20/07/2021:



In yesterday's trading session, precious metal Gold had quite strong declines from 1817 to 1794 ($23) after touching this price range Gold had a quick bounce back to 1815 and closed the session.  Trade with a bullish pullout candle.  With the end of the day like that in my personal opinion the momentum will be maintained in the beginning of today's trading session.

Looking at the shorter-term timeframe H4 we can see the intraday support of the precious metal Gold around 1808-1810.  Here we can establish a long position with the safe target that is the "old top" zone at 1827-1830.

Buy limit GOLD at 1813 and buy  limit at 1810

 SL: 1805

 TP: 1825-18XX

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