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30.06.202210:56 Forex Analysis & Reviews: Analysis of Gold for June 30,.2022 - Key decision pivot on the test at $1.814

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 30.06.2022 analysis

Gold has been trading sideways at the price of $1.816 and there is potential for the rejection or the breakout.

Trading recommendation:

In case of the rejection of the key support at the price of $1.814, watch for buying opportunities with the upside objective at $1.832

In case of the downside breakout for the support at $1.814, watch for selling opportunities on the rallies with the downside objective at $1.804.

Petar Jacimovic
Analytical expert of InstaForex
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