Xauusd analysis on dated 12-07-2022

11
60pips.com

 

Gold (xauusd) is a precious metal and most popular commodities for trading at Stock and CFD market. Gold will give you profit very shortly. Most of the people trading gold for its own nature. There are few step we should follow to trade by today-

 

  • The primary trend remains bearish
  • A firmer opening is expected to challenge bearish resolve
  • Resistance is located at 1750.00 and should cap gains to this area
  • Preferred trade is to sell into rallies
  • We can see no technical reason for a change of trend
Recommandation: Sell/Sell limit @ 1748                 Target: 1712

 

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