Analysis of Gold for June 07,.2022 - Watch for the breakout of the sideways base

XAUUSD: What Do We Learn From Ichimoku Cloud Indicator Analysis Of Gold Price?

Relevance up to 16:00 2022-06-08 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


Technical analysis:

Gold has been trading sideways in the past 10 days and I see potential for the breakout in the next period. Watch for the breakout to confirm further direction. Trading recommendation: In case of the upside breakout of the resistance at $1.872, watch for buying opportunities on the intraday dups with the upside objective at $1.908 In case of the downside breakout of the support at $1.829, watch for selling opportunities on the intraday rallies with the downside objective at $1.792

Read more: https://www.instaforex.eu/forex_analysis/279147

 

 

Read more: https://www.instaforex.eu/forex_analysis/279147

XAUUSD: What Do We Learn From Ichimoku Cloud Indicator Analysis Of Gold Price?

InstaForex Analysis

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