Technical outlook 
XAUUSD
Chart Tools
Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.
Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.
On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.
Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.
Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.
A sustained break below the latter will put the June 29 low of $1,883 to the test.
*Noticeable signal of the day*
BUYXAUUSD 1906 - 1910
SL : 1900
TP 1: 1915
TP 2: 1920
SELLXAUUSD 1925 - 1928
SL : 1935
TP 1: 1920
TP 2: 1915
Attention: Install TP, SL to win the market
XAUUSD Chart Tools
Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.
Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.
On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.
Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.
Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.
A sustained break below the latter will put the June 29 low of $1,883 to the test.
*Noticeable signal of the day*
BUY
XAUUSD 1906 - 1910SL : 1900
TP 1: 1915
TP 2: 1920
SELL
XAUUSD 1925 - 1928SL : 1935
TP 1: 1920
TP 2: 1915
Attention: Install TP, SL to win the market
Trade active
Trade active
The strategy is still on the right trackNote
ENTRY BUY is readyTrade active
Buy signal at 1906 is ready💟💟💟
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.