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Daily Oil, Gold, Silver Technical Analysis | August 01, 2022
Gold prices experienced bullish sentiment after the bounce from the $1,680 – $1,700 area. This week, the price might continue the bullish movement and test the $1,780 – $1,800 area. Traders will monitor closely the price reactions near the area. If the price gets rejected with strong bearish reactions then we might see a continuation of the bearish trend. On the other hand, a close above $1,800 will confirm further upward movement to test daily SMA 200. Today’s critical levels to watch: Support: $1,700, $1,680 Resistance: $1,780, $1,800 Silver closed above $20.00 chart A close above $20.00 happened at the end ... (full story)