Register Register

Chinese (Simplified)

July 11, 2022

A Short Term Outlook: XAU/USD (Gold); July 11, 2022

A Short Term Outlook: XAU/USD (Gold)

Today’s U.S. calendar will remain empty for the day but traders eye U.S. FOMC member Williams speech will remain in focus. He is due to speak about LIBOR at an event hosted by the Federal Reserve Bank of New York. Since morning gold too moves in choppy boundaries and stabilizes below $1,740 mark. Tomorrow as well U.S. calendar will remain silent as no key fundamentals have scheduled to release.

Technical View:

XAU/USD (Gold):

Gold slips back below $1,740 mark and hovers around $1,735 levels.
The pair made intraday high at $1,744 and Low at $1,733 mark.
A day chart and H1 chart with triple EMA suggest bearish trend for the time being.
A sustained close above $1,748 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,732 on H1 chart will test further supports.

SUPPORTS	RESISTANCES
$1,732	$1,748
$1,726	$1,752
$1,721	$1,758
$1,715	$1,764
$1,709	$1,770

Take a look and do trade wisely!
Good Luck

TP Global FX Research Team

With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills

Registered office:

Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.
+2349127787207

Physical Offices

Nigeria office:
56 Opebi Road by Salvation bus stop (Suit 105, first floor), Ikeja, Lagos, Nigeria

Mail us

Drop mail at: support@tpglobalfx.com

Contact us

Call or Whatsapp +44 7441 416320

Sales Queries

Drop mail at: sales@tpglobalfx.com

Offices

Vanuatu office:
Law Partners House, Kumul Highway, PortVila, Vanuatu

Offices

Head office:
1810, 1811, Prime Tower,
Business Bay, Dubai, UAE

Instrument

Platforms & Tools

Partnership

Company

Others

© 2022 TPG Trader. All right reserved.

Privacy Policy | Terms & Conditions |Product Statement | Client Agreement | AML/KYC | Refund Policy

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. This site is run and operated by – TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.

TP GLOBAL FX is monitored by VFSC Vanuatu with registration number 40409 and located at Law Partners House, Kumul Highway, PortVila, Vanuatu.

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.