Xauusd analysis on dated 07-06-2022

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Gold (xauusd) is a precious metal and most popular commodities for trading at Stock and CFD market. Gold will give you profit very shortly. Most of the people trading gold for its own nature. There are few step we should follow to trade by today-

 

  • The medium term bias remains bearish
  • Following yesterday’s bearish candle, the overall trend lower looks set to continue today
  • A firmer opening is expected to challenge bearish resolve
  • Resistance is located at 1850.00 and should cap gains to this area
  • We look to sell rallies

Entry: 1858           Target: 1845/1830

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