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XAU/USD 28/07:

Gold/U.S. Dollar FX:XAUUSD

Phenol_fx

XAUUSD Gold is hovering around the 20-Day Simple Moving Average, at $1945. A clear daily close below will add to the negative outlook. Conversely, if it tries to sustain above, XAU/USD might continue to move sideways. A solid break above $1980 will bring control to the bulls.

Support levels: 1,942 1,932 1.915

Resistances: 1,953 1,966 1,974

The main strategy for today is selling around 1955. My expectation is 1950 and beyond. This is the weekend I wish everyone a lot of profit

Originally posted here: https://ift.tt/HomYyZe