For Traders

Analytical Reviews

Fractal analysis

20.06.201800:00 Forex Analysis & Reviews: Fractal analysis of GOLD on June 19

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 19:

Analytical review on the scale of H1:

On 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 of 1275.28 - 1272.96. In this case, the target is 1269.15. Near this level is the consolidation and from here we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 1281.60 - 1284.94 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1290.79 and this level is the key support for the downward structure.

The main trend is the descending 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:

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.