empty
 
 
22.07.2024 06:11 PM
Trading Signals for GOLD (XAU/USD) for July 22-24, 2024: buy above $2,385 (oversold- 4/8 Murray)

This image is no longer relevant

Early in the American session, Gold (XAU/USD) is trading around 2,391.92 within the downtrend channel formed since July 16, and below the psychological level of 2,400.

Gold is under downward pressure but showing signs of exhaustion. A fall towards the bottom of the downtrend channel around 2,385 - 2,380 (Weekly Pivot) is likely to occur in the next few hours, so the price could even reach 4/8 Murray, a key support level.

Given that gold is consolidating above 4/8 Murray located at 2,375, the outlook still remains positive.Therefore, gold is expected to resume its bullish cycle in the coming days. For this, we will look for opportunities to buy above 2,380 or 2,375.

Below 4/8 Murray, the outlook could be negative. Thus, a bearish acceleration could occur and the price could reach 3/8 Murray and even 2/8 Murray located at 2,312 in the short term.

The eagle indicator on H1 charts is showing oversold signals. Hence, we believe that gold could reach the 200 EMA located at 2,416 in the coming days and could even reach the top of the downtrend channel around 2,433.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam Oktober kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget