Gold Price Analysis June 13

5 天前

Yesterday's D1 candlestick increased, confirming the continuation of the uptrend. Following that uptrend, the Asian session saw a strong increase in price to the highest peak of 3443. If there is still confirmation from the h4 candlestick above 3395, today will still be a bullish candlestick with a large amplitude at the end of the day.

After reaching the highest peak of the month, Gold is having a downward correction at the end of the Asian session. This correction lasts until the support of 3397 to have a good BUY signal. In case you want to SELL, you must wait for a 50% test of the previous full-force downtrend H1 candle (around 3434) and the continuation of the Selling side.

If the 50% test does not appear, you must reverse to find a BUY Breakout point. Note that the False break at the peak of 3343 should wait for confirmation of the small-frame DOW wave to enter the order, which will be safer for this morning's break.

If you get a BUY order, the target will be 3364 and this area will have a profit-taking reaction from the Buyers, causing the price to decrease. Gold may touch the threshold before ATH 3394 and there will be a reaction.

In the opposite direction, there is a sweep to 3376, which is considered the daily support zone and you can buy in this area.

All SELL signals are considered obstacles, so set a short target and a new BUY signal sets a long expectation.

5 天前

交易進行

Gold capitalizes on safe-haven flows, clings to strong gains above $3,400
Gold preserves its bullish momentum on Thursday and trades at its highest level since late April above $3,400. The yellow metal attracts safe-haven demand as tensions in the Middle East heighten after Israel launched an attack against Iran.