GOLD 24/07: Looking forward to the new week
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GOLD In the event that the Gold Price still falls through the $1,930 level, the possibility of seeing a drop towards the round figure of $1,900 and then to the yearly low of $1,893 marked in June.Additionally, the support-turned-resistance line has lasted since early July, around $1975 at press time, defending the immediate upside in XAU/USD price.
Accordingly, the previously mentioned multi-week-old horizontal resistance zone around $1985 will be noticed.
If Gold Price still rallies past $1,985, a round figure of $2,000 will act as the ultimate defense against the bears.
Overall, Gold prices are likely to continue to fall but the road south is long and bumpy.
交易進行
The market was so boring at the beginning of the week, let Upbo give energy for gold to run交易進行
strategy is ready, be patient, today we will surely win together
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