GOLD DAILY ANALYSIS 22.07.2022

Gold is in downtrend value zone. Yesterday Gold made a lower low 1680. But this level showed good price action and gold. However gold will continue downtrend until either it closes above the channel and makes high of 1726 and 1746 levels.

For now gold can test the 50 and 62 percent fib levels at 1698 and 1692. So we can go for buying here.

BUY 1692 SL 1682 TP 1706
SELL 1718 sl 1726 tp 1708