XAU/USD LONG JULY 2-JULY 16

2 ביולי 2023

Based on my comprehensive analysis, the XAU/USD pair presents an interesting scenario for July. If the pair manages to break past the crucial resistance level of 1925, this could trigger a brief buying opportunity. However, the overall outlook for the month remains largely bearish. This means that after reaching this potential high, the pair is likely to face a sell-off, turning the tide back towards the sellers' favor for most of July. This is based on key market indicators and economic trends including strength of the U.S. dollar and global economic factors. As always, it's important to consider market risks and your personal risk tolerance before making any investment decisions.