10.06.202215:30 Forex Analysis & Reviews: Short-term technical analysis on Gold for June 10, 2022.

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Blue rectangle- horizontal resistance

Red line -support trend line (broken)

Gold price has provided several signs of weakness since yesterday. Price failed to recapture $1,855 and instead price broke below $1,840 support level and the red upward sloping support trend line. Bears are taking control of the short-term trend. Price has made new lower lows and lower highs. Gold is expected to move lower towards $1,820-25 over the next few sessions. Resistance is now found at $1,860 and as long as price is below this level, bears will have the upper hand.

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