XAUUSD: Expected To Rise Towards Its Resistance Level At Around $1720

By AAATrade of AAATrade.com
Wednesday, July 20, 2022 9:12 AM EDT

Looking at XAUUSD’s chart, we can see that the precious metal is in a downward trend but found very good support at around $1700. Currently, it is traded at around $1707, and since the USD starts to weaken in the past few days, today we could expect it to rise towards its resistance level at around $1720 and if it will be able to pass it, then to continue rising towards its next resistance level at around $1745.

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XAUUSD

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