Gold daily analysis 29.07.2022
Gold broke out from weekly resistance at 1746. Now there is good strength for bulls. So they can start chasing monthly resistance at 1772. However we need to test the 1746 level again in Daily candle. For this the price may have sideways movement between 1746 to 1756 and can also make Higher Low above 1736 before US session. Only price closes above 1756 we will see strong bullish momentum and can go upto 1772. However we may have some hurdles here to break 1772 as it is a strong resistance.
Presently gold is moving in a strong uptrend value zone. So go only for buying at every low.
Here is my idea
BUY 1746 SL 1736 TP 1764
SELL 1772 SL 1780 TP 1764
Presently gold is moving in a strong uptrend value zone. So go only for buying at every low.
Here is my idea
BUY 1746 SL 1736 TP 1764
SELL 1772 SL 1780 TP 1764
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