See also
Technical analysis:
Gold has been trading downside this morning but the rising trend-line support is on the test and there is chance for the upside movement.
Trading recommendation:
Due to the test of the rising support and strong upside trend from longer frames, I see potential for the upside rotation.
Watch for the potential buying opportunities with the upside objective at $1.933
MACD oscillator is showing upside reading, which is sign that buyers are still strong and that there is chance for further rise.
Key support is set at the price of $1.920
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
NZD/USD, Monday, July 21, 2025 Although technically, all indicators still point to weakness, the emergence of divergence between price movement and the RSI(14) indicator indicates a potential reversal today
EUR/USD, Monday, July 21, 2025 Although the 50-day moving average (EMA) is still below the 200-day moving average (EMA), indicating a bearish neutrality, and the RSI (14)
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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