03.08.2021 02:22 PMTechnical analysis:
Gold has been trading sideways at the price of $1,810. There is potential for the breakout play and new directional move.
Trading recommendation:
Watch for the breakout of the consolidation to confirm further direction.
Upside breakout of the resistance at the price of $1,811 can will confirm upside movement towards $1,819
Downside breakout of the support at $1,807 will confirm downside movement towards $1,1795
