Trading Signals for GOLD (XAU/USD) for July 25-29, 2024: buy above $ 2,360 (200 EMA - oversold)

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Technical analysis



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Technical analysis


Trading Signals for GOLD (XAU/USD) for July 25-29, 2024: buy above $ 2,360 (200 EMA - oversold)


Early in the American session, gold




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25.07.2024 04:57 PM






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Early in the American session, gold is trading around 2,373, below the 200 EMA, and below the key level of 2,375. Gold is currently oversold.Yesterday, after reaching the top of the downtrend channel around 2,431, XAU/USD made a strong technical correction. As a result, the price dropped to a low of 2,361.If gold continues to trade below 2,366, it is likely to reach the 2,360 zone. If this level is broken, the price could reach 2,349, a weekly support that




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