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14.06.201808:12 Forex Analysis & Reviews: Fractal analysis for GOLD on June 14

Long-term review
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.

Forecast for June 14:

Analytical review on the scale of H1:

Exchange Rates 14.06.2018 analysis

По Gold основными ключевыми уровнями в масштабе Н1 являются: 1317.09, 1308.97, 1305.28, 1300.97, 1287.67 и 1281.60. Здесь, продолжения For Gold, the main key levels in H1 scale are: 1317.09, 1308.97, 1305.28, 1300.97, 1287.67 and 1281.60. Here, the continuation of the movement towards the top is expected after the breakdown of 1300.97. In this case, the first target is 1305.28. In the area of 1305.28 - 1308.97 is the consolidation of the price. The breakdown of the level of 1308.97 should be accompanied by a pronounced upward movement. Here, the potential target is 1317.09

The level of 1291.63 is a key support for the local upward structure on June 5. It will lead to a breakdown in the development of a downward movement. In this case, the target of 1287.67 will consolidate around this level. For the potential value for the bottom, consider the level of 1281.60.

The main trend is a local structure for the top of June 5.

Trading recommendations:

Buy: 1301.00 Take profit: 1305.00

Buy 1305.30 Take profit: 1308.90

Sell: 1291.30 Take profit: 1288.00

Sell: 1287.20 Take profit: 1281.60

Daichi Takahashi
Analytical expert of InstaForex
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