Gold Daily Analysis 04.08.2022

4 авг. 2022 г.

Gold tested the support level of uptrend value zone and made a higher low 1754. Now gold is going to test the reistance at 1786. As expected gold is consolidating and we will have a breakout after NFP. We can go for a sell order when gold tests the level above 1780 and buy near 1760. All together momentum is not strong but is bullish. The China war can change the trend of gold. I feel we will see levels above 1800 if war starts.

SELL 1780 SL 1790 TP 1768
BUY 1760 SL 1750 TP 1780