Analysis of Gold for July 23, 2018
Recently, the Gold has been trading upwards. The price tested the level of $1,234.68. According to the H1 time – frame, I found rejection of the upward trendline in the background, which is a sign that selling looks risky. I also found a hidden bullish divergence on the MACD oscillator in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price of $1,244.45.
Trading recommendations for today: watch for potential buying opportunities.