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XAUUSD 05/07: Gold forecast today

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Gold lacks bullish momentum after four consecutive days of gains, hovering around the $1925 price zone. XAU/USD takes cues from the latest challenges to sentiment stemming from worries about the US-China trade war, as well as concerns surrounding a global recession.

In the short term, XAU/USD is still likely to recover its bullish status.

Technical indicators remain near recent highs in positive territory, although the Relative Strength Index (RSI) has dropped slightly, in line with a retracement from the intraday high.

Support level: 1,917.30 1,903.00 1,892.95
Resistance levels: 1,932.75 1,945.20 1,958.30

You might consider Buying XAUUSD around 1921 – 1924
And my goal will be 1931 – 1945

You might consider Buy breakout XAUUSD around zone 1932
And my goal will be 1940 – 1955

Note: Fully install TP, SL to prioritize safety in trading and conquering the market.

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hit entry buy!
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