Good afternoon, esteemed trader-investors! In today’s market review for Friday, July 24, we summarize an action-packed news week. Yesterday’s ECB rate decision (kept unchanged) and weak US dollar data have already been priced in by the market, so we are focusing on the amazing technical opportunities opening up on the charts right now!
The main highlight of the day is Gold (XAU/USD). After yesterday’s massive collapse, the instrument is slowly starting to sail into long territory from the area just above the $4,000 round number. We break down our longstanding long trade idea targeting a 16,000-point move toward the monthly highs at $4,200–$4,215!
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00:00 INTRODUCTION
00:16 NEWS
00:45 GOLD
01:48 Euro / US Dollar
02:40 British Pound / US Dollar
03:47 US Dollar / Canadian Dollar
03:55 US Dollar / Japanese Yen
04:19 OIL
04:32 BTC / USD
05:04 U.S. MARKET
05:41 US Dollar / Swiss Franc
05:48 Canadian Dollar / Swiss Franc
06:00 Australian Dollar / Canadian Dollar
06:08 New Zealand Dollar / Swiss Franc
06:11 Australian Dollar / New Zealand Dollar
06:18 Euro / Australian Dollar
06:24 Euro / Canadian Dollar
06:29 SILVER
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