Gold at the end of the month

By Biznes-Broker | Analysis of the financial markets | 30 Jul 2021

XAUUSD

Do you remember Monday's market review? I wrote about gold and what I expect from this investment value. We are in the place where I assumed it would be scored, and I think we have a chance for a correction as I indicated in the image now (and the same as on Monday).

Today is quite an important day as the end of the week coincides with the end of the month and the reading of many macroeconomic data. Data and closing monthly contracts will push the price, and from Monday entering new forward positions by large institutions.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/