Xauusd analysis on dated 21-06-2022

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pipsvalley.com

 

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-

 

  • Trades with a bearish descending triangle formation
  • The bias is to break to the downside
  • A break of 1835.00 is needed to confirm follow through negative momentum
  • Further downside is expected

 

Recommendation: Sell/Sell limit @ 1842   //  Target: 1820/1810

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