Gold Daily Analysis 20.07.2022
Gold is moving sideways in wedge.
We need to breakout from this wedge to know which channel gold is following.
If gold closes below 1706 then we will follow descending channel and will make new lower low below 1696
If gold closes above 1714 then gold will follow ascending channel and will make a new higher high above 1724
So we will wait for breakout.
BUT stop 1716 SL 1706 TP 1726
SELL stop 1706 SL 1716 TP 1696
We need to breakout from this wedge to know which channel gold is following.
If gold closes below 1706 then we will follow descending channel and will make new lower low below 1696
If gold closes above 1714 then gold will follow ascending channel and will make a new higher high above 1724
So we will wait for breakout.
BUT stop 1716 SL 1706 TP 1726
SELL stop 1706 SL 1716 TP 1696
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