FX.co ★ Analysis of Gold for June 07,.2022 - Watch for the breakout of the sideways base

Technical analysis:

Gold has been trading sideways in the past 10 days and I see potential for the breakout in the next period. Watch for the breakout to confirm further direction.

Trading recommendation:

In case of the upside breakout of the resistance at $1.872, watch for buying opportunities on the intraday dups with the upside objective at $1.908

In case of the downside breakout of the support at $1.829, watch for selling opportunities on the intraday rallies with the downside objective at $1.792