Gold daily analysis 27.06.2022
Gold is at its key price testing for support of bulls. Presently gold is consolidating after testing its support at 1818 which is weekly support. Gold is in bearish trend and the momentum is decreasing for bears. So we need a trigger level for bulls to show up. Until then price will consolidate in sideways.
The resistance levels are at 1845-1856-1864-1874
The support is 1804-1816-1825
Today we can see for small scalp sell when price tests the 1840 level.
Sell 1840 SL 1846 TP 1818
However if we have a strong breakout above 1840 then price will start to rise. So take small SL and sell.
This week there are many important news and month end. Be careful and trade.
I personally feel the levels near 1800 to 1820 are good to buy in intraday
The resistance levels are at 1845-1856-1864-1874
The support is 1804-1816-1825
Today we can see for small scalp sell when price tests the 1840 level.
Sell 1840 SL 1846 TP 1818
However if we have a strong breakout above 1840 then price will start to rise. So take small SL and sell.
This week there are many important news and month end. Be careful and trade.
I personally feel the levels near 1800 to 1820 are good to buy in intraday
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