Gold prices have a clear downward trend

Jun 18

Gold Last night, I noticed that there has been a mild lower in beard withdrawal to the 231x area. The fashion in D1 and H4 is displaying Decrease. Meanwhile, the small frames are displaying clean symptoms and symptoms of boom.
In my opinion, Gold could have mild corrections underneath 2303>2306 for one greater beat earlier than it is able to boom strongly.

If Gold will increase strongly nowadays thru the vintage response sector of 2335>2336, it's going to in all likelihood be driven as much as 235x soon.

Trading Plan for Today Canh Buy GOLD 2318>2321
SL 2316
City 2326>2336
Sell Gold According to Ma89 on H4 and D1 round 2336>2340
SL 2343
TP 2325>231x

Buy Chasing the fast fashion and looking ahead to clearer response factors of Gold earlier than Selling Everyone
--
Gold fee forecast
Analysts say that even though the Fed has time and again not on time reducing hobby charges withinside the context that inflation remains a ways from the 2% target, falling hobby charges at primary banks nevertheless help gold.

According to a survey with the aid of using Kitco News, 62% of specialists and 54% of retail buyers expect that gold will hold to boom in fee withinside the close to future.

Alex Kuptsikevich - senior marketplace analyst at FxPro anticipated that the electricity of the USD in conjunction with excessive bond yields are nevertheless barriers for treasured metals. He stated that gold`s help degree of 2,three hundred USD/ounce appears fragile.