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.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Octubre, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback