Gold analysis | Downtrend
1st of June
11th of June
16th of June
Those are the days on which Gold formed highs inside of the current downtrend.
There's a few more days left of the second quarter. And that's when we could usually expect reversals!
Right now Gold is trading inside of the zone of 1763-1794.
While it's inside of this zone we would rather not trade.
We're going to be looking for an entry once we have a breakout.
In this downtrend it's more likely that we will see price breaking below support.
In this case the next support is down at 1750!
Do not look for trades when there's none and be cautious in the last days of the quarter
Follow us for more specific trading opportunities!
11th of June
16th of June
Those are the days on which Gold formed highs inside of the current downtrend.
There's a few more days left of the second quarter. And that's when we could usually expect reversals!
Right now Gold is trading inside of the zone of 1763-1794.
While it's inside of this zone we would rather not trade.
We're going to be looking for an entry once we have a breakout.
In this downtrend it's more likely that we will see price breaking below support.
In this case the next support is down at 1750!
Do not look for trades when there's none and be cautious in the last days of the quarter
Follow us for more specific trading opportunities!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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