Overall view of XAUUSD - Update of July 1st

The commodity has been on a continuous bull since the beginning of June's month, and settled on the resistance zone surrounding @1440.000. Prices are sideways and consolidating, waiting for a breakout. G20 meeting ended up with a series of agreements and negotiations, which might confirm and increasing odd of a bear pressure.

Possible targets: @1360.000 (+40.00 per unit or 4,000pips) if bearish trend confirmed or @1500.000(+60.00 per unit or 6,000 pips) if bullish trend confirmed.

Advice: Await for a confirmation.

Kommentera:

@1400.00 level was successfully broken. The target to aim is @1360.00 (+40.00 per unit or 4,000 pips).

Trade stängt: Stopp nått:

Gold was strongly pushed up closing our trades. Let's wait for an upward breakout.

Kommentera:

Our resistance zone has appeared to be very strong. Gold has confirmed the bearish trend due to the recent news : NFP and Unemployment rate.