Relevance up to 15:00 2022-06-22 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Decreased volatility at the beginning of the week for Gold prices. Gold continues to trade above $1,830 and below $1,860. There is no clear direction from the last few sessions as price mostly moves sideways. There is a confluence of resistance at the $1,841 level where we find both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). Next major resistance is at $1,870 where we find the lower cloud boundary. Support is found at $1,804-25 zone. Failure to stay above this zone will lead price to new lows below $1,790.
