FX.co ★ Fractal analysis of GOLD on June 19

Forecast for June 19:

Analytical review on the scale of H1:

On Gold, the key levels on the scale of H1 are: 1290.79, 1284.94, 1281.60, 1275.28, 1272.96 and 1269.15. Here, the continuations of the movement downwards are expected after the passage at the price of the noise range of 1275.28 - 1272.96. In this case, the target is 1269.15. Near this level is the consolidation and from here we expect a rollback to the top.

The short-term upward movement is possible in the corridor of 1281.60 - 1284.94 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1290.79 and this level is the key support for the downward structure.

The main trend is the descending structure of June 14.

Trading recommendations:

Buy: 1281.60 Take profit: 1284.60

Buy: 1285.00 Take profit: 1290.60

Sell: 1272.60 Take profit: 1269.30

Sell: Take profit: