Gold price analysis on June 9The D1 candle on Friday broke the sideways structure and confirmed the downtrend for Gold prices.
Gold prices pushed up quite high in today's Tokyo trading session after touching the Gap zone around 3395.
With this upward force, 3319 will be available at the end of the Asian session. This zone can wait for a reaction and SELL can return because this is the zone where the Sellers pushed the price down at the beginning of the session. The European session will pay more attention to the 3334 zone with a break out point that is also quite important. The upward force will be stopped by the Sellers at the daily resistance level around 3345.
SELL is following the trend and can sustain the profit far away, while the BUY points are considered to find the reaction wave to increase and correct. The first zone is 3295, the second zone is around 3275.
Wishing you a successful trading day
