empty
 
 
06.08.2021: Forex Analysis & Reviews: Gold price breaks short-term support.
loader
Forex forecast 31/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-31 UTC+3
Forex forecast 30/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, NDX, OIL, BTC
2026-07-30 UTC+3
Forex forecast 29/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-30 UTC+3
Forex forecast 28/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-28 UTC+3
Forex forecast 27/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-27 UTC+3
Forex forecast 24/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-24 UTC+3
Forex forecast 23/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-23 UTC+3
Forex forecast 22/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-23 UTC+3
Forex forecast 21/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-21 UTC+3
Forex forecast 20/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-20 UTC+3
Forex forecast 16/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-16 UTC+3
Forex forecast 15/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-15 UTC+3
Forex forecast 14/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-14 UTC+3
Forex forecast 13/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-13 UTC+3
Forex forecast 10/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-10 UTC+3
Forex forecast 09/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-09 UTC+3
Forex forecast 08/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-08 UTC+3
Forex forecast 07/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-07 UTC+3

Gold price today broke below $1,790 short-term support. Gold price got rejected at resistance yesterday. Gold price is moving lower and today's price action if not reversed soon, will imply more downside to come for Gold price.

analytics610d36ff7ff1b.jpg

Red line - support

Blue line - resistance

Gold price today broke below the red support horizontal trend line. Next support is at $1,750. Bulls still have hopes as long as price is above $1,750 but for now the control of the short-term trend is in the hands of bears. A daily close above $1,805 would be the first sign of strength bulls will need to see, otherwise price will remain vulnerable to the downside.

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback