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16.06.202009:59 Forex Analysis & Reviews: Trading idea for Gold

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Exchange Rates 16.06.2020 analysis

Good afternoon traders! A trading idea for gold.

Price Action shows that a pin bar was formed in the daily chart yesterday:

Exchange Rates 16.06.2020 analysis

If you have excellent target levels at the top, open long positions after a rollback, following the trading idea below:

Exchange Rates 16.06.2020 analysis

The pin bar yesterday falsely updated the key low of June 10, which led to the quotes rising all throughout the entire US session.

Take profit if the quotes breakout of 1754.

Good luck in trading and make sure to control the risks!

Andrey Shevchenko
Analytical expert of InstaForex
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