GOLD PRICE ANALYSIS 22 June 2023
GOLD
- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at support level and also long time bearish
- DXY will move upto 102 level and will pressure gold to go bearish
Possible Entry:
GOLD Short Zone: 1934-1939 (Wait for short confirmation on 15m or 30 min candle)
Stop Loss - 1951.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Risk not more than 2% of you portfolio.
Intraday Support Resistance Level.
Pivot Level: 1930.72
Resistance Level: R1:1942.546 | R2:1951.255 | R3:1963.070
Support Level: S1:1947.087 S2:1941.940 S3:1936.109
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- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at support level and also long time bearish
- DXY will move upto 102 level and will pressure gold to go bearish
Possible Entry:
GOLD Short Zone: 1934-1939 (Wait for short confirmation on 15m or 30 min candle)
Stop Loss - 1951.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Risk not more than 2% of you portfolio.
Intraday Support Resistance Level.
Pivot Level: 1930.72
Resistance Level: R1:1942.546 | R2:1951.255 | R3:1963.070
Support Level: S1:1947.087 S2:1941.940 S3:1936.109
Support my work with like & comment! Thanks.
Komen:
Market is still in the same trend. Move SL to 1932. 1903 level will reach soon.