Gold possible target $1820
Gold is making a recovery on Tuesday but it may be limited by $1820 supply area. Acceptance above the falling trendline resistance at $1821 is critical to unleashing the further upside to $1830. In a case where XAUUSD rises past $1830 it can rally to the mid-June swing high near $1857. However, the recovery appears limited as the main trend is still bearish. A daily close below $1800 would resume downtrend to test recent swing low $1785 - $1780 .
Note
Gold set up failed and it broke the major support.
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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.