Xauusd analysis on dated 06-06-2022

193
USDJPY

Gold (xauusd) is a precious metal and most popular commodities for trading at Stock and CFD market. Gold will give you profit very shortly. Most of the people trading gold for its own nature. There are few step we should follow to trade by today-

 

  • The rally has posted a correction count on the weekly chart
  • This is negative for sentiment and the downtrend has potential to return
  • A break of the recent low at 1847 should result in a further move lower
  • Further downside is expected

 

Entry: 1858          TP/Target: 1845/1830

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