23 Jul Gold Live Chart Price Prediction / Gold Live Signal July 2020
Live GOLD Trade Signal And Analysis
Gold prices continued to push higher, animated by another ups well in risk appetite. The metal tracked higher alongside stocks as the upbeat mood weighed on the haven US Dollar, pushing it downward and stoking demand for anti-fiat alternatives. Crude oil prices behaved in kind, rising in lockstep with the bellwether S&P 500 equities benchmark.Investors appeared to shrug off building tensions between the US and China after Washington ordered closed the East Asian giant’s consulate in Houston, Texas. That drew statements of outrage from Beijing. Markets were focused elsewhere however, with the newswires variously citing speculation about more US fiscal stimulus, hopes for a Covid-19 vaccine and better-than-expected earnings reports as catalysts.Looking ahead, sentiment trends seem likely to remain at the forefront. Soundbites from Washington DC – covering both relations with China and fiscal support expansion – as well as the ongoing flow of second-quarter earnings reports may take top billing. Results from key firms including Southwest Airlines, Kimberly-Clark, AT&T, Twitter, American Airlines and Intel are on tap.US stock index futures are pointing higher, suggesting the risk-on tilt is likely to remain in force. That bodes well for gold and crude oil prices. Nevertheless, traders remain highly sensitive to headline flow, making for the elevated probability of sudden reversals and warning against extrapolating follow-through too readily. Still, the markets have proven to be impressively resilient despite a raft of would-be headwinds. You can join our with paid signal channel on Telegram we have been the most consistent reliable Forex Signals service in world. Join us and change your life. If you want daily profit then you can join with us and get 90% profitable trade always. For more info about our paid group > inbox us or select our service package Click here Forex Signal, Forex Trading , Forex Best Signal Provide
GOLD TECHNICAL ANALYSIS Gold prices look set to challenge resistance at 1920.94, the record high set in 2011. This barrier is reinforced by the 78.6% Fibonacci expansionat 1917.59. A daily close above the former level may expose the 100% Fib at 1984.77 next. Alternatively, a move back below the 61.8% mark at 1864.86 looks likely to be followed by a challenge of support at 1827.82, the intersection of the 50% expansion and a rising trend line.
You can Signup in our website and get 1 week Free Forex Signal and life time Price action analysis.
If you want daily profit then you can join with our Paid Group for more info Inbox us.
We Provide you 90% accurate Best Forex Signal , Forex Signal Service every day. So join with us and enjoy green pips every day.
Good luck Traders.