Forecast for June 25:
Analytical review on the scale of H1:
For Gold, the key levels on the H1 scale are: 1295.18, 1288.23, 1281.37, 1275.43, 1267.90, 1255.53, 1251.12 and 1242.99. Here, the continuation of the movement downwards is expected after the breakdown of the level of 1267.90. In this case, the target is 1255.53 and in the corridor of 1255.53 - 1251.12 is the consolidation. The potential value for the bottom is the level of 1242.99, from which we expect a rollback to the top.
The short-term upward movement is possible in the corridor of 1275.43 - 1281.37 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1288.23 and this level is the key support for the downward structure. Its breakdown will have to form potential initial conditions for the upward cycle. Here, the target is 1295.18.
The main trend is the descending structure of June 14.
Trading recommendations:
Buy: 1275.50 Take profit: 1281.30
Buy: 1281.45 Take profit: 1288.00
Sell: 1267.60 Take profit: 1255.60
Sell: 1251.00 Take profit: 1243.00
