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Fractal analysis

18.06.201808:21 Forex Analysis & Reviews: Fractal analysis: GOLD on June 18

Long-term review

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Forecast for June 18:

Analytical review on the scale of H1:

For gold, the key levels on the scale of H1 are: 1290.79, 1284.94, 1281.60, 1275.28, 1272.96 and 1269.15. Here, the continuations of the movement downwards are expected after the passage at the price of the noise range 1275.28 - 1272.96, in this case the target is 1269.15, near this level the consolidation and from here we expect a rollback to the top.

Short-term upward movement is possible in the area of 1281.60 - 1284.94, breakdown of the last value will lead to in-depth correction, here the target is 1290.79, this level is the key support for the downward structure.

The main trend is the downward structure of June 14.

Trading recommendations:

Buy: 1281.60 Take profit: 1284.60

Buy: 1285.00 Take profit: 1290.60

Sell: 1272.60 Take profit: 1269.30

Sell: Take profit:

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