Forecast for June 18:
Analytical review on the scale of H1:
For 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 1275.28 - 1272.96, in this case the target is 1269.15, near this level the consolidation and from here we expect a rollback to the top.
Short-term upward movement is possible in the area of 1281.60 - 1284.94, breakdown of the last value will lead to in-depth correction, here the target is 1290.79, this level is the key support for the downward structure.
The main trend is the downward 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:
