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28.05.202005:32 Forex Analysis & Reviews: Gold to go to nearest liquidity void May 28, 2020

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Exchange Rates 28.05.2020 analysis

If we look at the 4-hour chart, we can see that the liquidity void bellow the current price for Gold is now at 1704.92-1695.86. It acts as a magnet area for Gold. This scneario has already been confirmed by the CCI (30) that broke through all the 3 level 100, 0, & -100. The CI (30) demonstrates that Gold is likely to decline. This dcenarios will come true if Gold does not break out and closes above the 1714.52 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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