How to trade Gold during U.S. Session? ; July 19, 2021

How to trade Gold during U.S. Session?


Technical View (Gold/XAUUSD):

  • The gold starts a new week on a lower note and touches $1,801.
  • The pair made intraday high at $1,817 and low at $1,801 mark.
  • A day chart as well as H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $1,809 requires for the upside rally.
  • Alternatively, a consistent close below $1,800 on H1 chart will check further supports.
SUPPORTS RESISTANCES
$1,822 $1,798
$1,827 $1,791
$1,832 $1,786
$1,837 $1,781
$1,842 $1,775

Take a look and do trade wisely!
Good Luck