Content courtesy of Tallinex Limited https://www.tallinex.comGOLD (XAUUSD)
Dominant bias: Bullish
Gold moved up over 12400 pips last month, and reached a high of 1358.21. There is a Bullish Confirmation Pattern in the 4-hour, daily and weekly charts, so it is not advisable to open short trades at this time. Any bearish moves are likely to be short-lived, proffering opportunities to go long at better prices. Further bullish movement is possible this month - first, a breach of the June high (1358.21), then targeting the resistance levels at 1360.00, 1380.00 - possibly even 1400.00.
Dominant bias: Bullish
Recently, bullish movements on Silver have been stronger than the bullish movements on Gold. Since the beginning of June, price has climbed over 3200 pips and reached a high of 19.3600 on July 1. There is a strong bullish outlook for this market - something that should continue this week. Sell-offs are likely to be temporary in the context of this uptrend, as bulls target the demand levels at 19.5000, 20.0000 and 21.0000.
Dominant Bias: Bullish
Bitcoin went beyond our target for last month as price broke above the accumulation territory at 600.00 and reached a high of 775.92. The buying pressure still exists, and further attempted gains will be seen this month - possibly enabling the market to recover the massive sell-offs between June 19 and 23. Although bears pose threats, the targets for month are located at the distribution territories at 775.00, 780.00 and 800.00.
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