empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

22.06.202214:11 Forex Analysis & Reviews: Trading tips for gold

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is currently forming its third downward wave, which follows the bearish scenario presented last May 15.

Exchange Rates 22.06.2022 analysis

The first target is the high last May, at 1787.

Exchange Rates 22.06.2022 analysis

The main target, meanwhile, is the 2021 low at $1675.

Exchange Rates 22.06.2022 analysis

In this situation, the best action is to avoid long positions, while working for a price decrease to the specified targets.

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off