Safe-Haven - Does It Exist Anymore? Will (XAUUSD) Gold Price Go Any Lower? | InstaForex

Forex: XAU/USD Is Rising For The 3rd Day In A Row!

Relevance up to 13:00 2022-06-07 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.

Read more: https://www.instaforex.eu/forex_analysis/278933

Technical analysis:

Gold has been trading downsides I expected but I still see further downside movement. There is the breakout of the bear flag pattern in the background.. Trading recommendation: Due to the breakout of the bear flag pattern in the background and the impulsive downside swing in the background, I see potential for further downside movement. Watch for potential selling opportunities on the intraday rallies with the downside objectives at $1.841 and $1.830. MACD is showing downside reading and potential for the new fresh downside reading, which is sign that sellers are in control. Key resistance is set at the price of $1.870

Read more: https://www.instaforex.eu/forex_analysis/278933

Forex: XAU/USD Is Rising For The 3rd Day In A Row!

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker regulated by CySec with license number 266/15.

 

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.

 

Instaforex offers access to more than 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms, trading accounts in EUR, USD, PLN, CZK, GBP.

 

More information at: www.instaforex.eu

Follow InstaForex on:

Twitter | LinkedIn