Xauusd analysis on dated 14-07-2022

31
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. In this Forex and stock market there are few step we should follow to trade by today-

 

  • The sequence for trading is lower lows and highs
  • Prices expected to stall near trend line support
  • We expect a reversal in this move
  • We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher
  • Although the anticipated move higher is corrective, it does offer ample risk/reward today

 

Recommendations: Buy/buy limit @ 1710          Target: 1760

 

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