PREVIOUS ANALYSIS
02-JUL-2021
Update 2:
Update 1:
More downside left?
More downside left?
https://rajtechanalysis.blogspot.com/2021/04/goldxauusd-analysis-april-2021.html
RES: 1756/1877/1961
As long as these resistances hold, we can see some more downside towards 1684, 1648, 1625-1603, extension 1592, 1575, 1560.
CMP: 1861; RES: 1965; SUP: 1804.
As long as 1965 resists, we will see 1739, 1677, 1599, 1559.
CMP: 1855; RES: 1855/1959; SUP: 1831/1804
No Change in my views. Still GOLD is trading in a range between 1877-1804
1. If 1831 holds support, and a break of 1877, we can see 1881, 1901, 1918.
If 1959 resists, again we will see 1804 and fall towards 1739 first.
Further targets: 1739, 1720
2. If 1877 holds resistance and break of 1804, we will see 1739,-1720, 1684, 1625, 1603.
Reversal 1st target 2075.
CMP: 1861; RES: 1965; SUP: 1804.
As long as 1965 resists, we will see 1739, 1677, 1599, 1559.
Based on 1H chart, if 1831 supports, we can see 1900+ before big fall.
PREVIOUS ANALYSIS https://rajtechanalysis.blogspot.com/2021/06/goldxauusd-analysis-june-2021.html Long term analysis included in the above p...