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Sunday, June 20, 2021

πŸ“ Gold: trading ideas for June 21-25.

πŸ“ Gold: trading ideas for June 21-25.

Gold OANDA:XAUUSD

Key support during the new trading week will be the round number level located at the 1750.00 price point, where a significant buy order with a total volume of $154m is located.
πŸ“Œ On formation of the pattern to buy near the specified support level , we expect the suspension of decline and the subsequent growth with the far target growth,- strike level of the weekly hedge support area (1800.00).
In case of fixation above the mentioned resistance level , the next growth target will be the level of weekly balance (1820.00).
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