GOLD MARKETS COMMENTARY 20/07/2023
On the technical side.
Gold, after falling to the support zone of 1970, bounced back. Currently, gold is accumulating in the range of 1970-1985. Gold bulls have trouble approaching resistance around 1985. Gold needs to break this resistance to continue extending the upward momentum to test the 2000 psychological resistance area.
Gold, after falling to the support zone of 1970, bounced back. Currently, gold is accumulating in the range of 1970-1985. Gold bulls have trouble approaching resistance around 1985. Gold needs to break this resistance to continue extending the upward momentum to test the 2000 psychological resistance area.
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