XAUUSD - Analysis

GOLD

MonoCoin Signal

6/14/2022

By examining the trend in the daily time frame, what is evident is the completion of a correction pattern in the price range of 1880-1867 dollars. All dimensions show the continuation of the downward trend and price decline. If this scenario is correct, we can expect the price of gold to fall to the range of 1780 and 1760 dollars. Climbing and stabilizing above the range 1845-1853 at the same time will indicate the continuation of this neutral trend.

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