XAUUSD ANALYSIS FOR JUNE 2022

XAUUSD


Here we can see the monthly candle of May is about to close below the minor support. Therefore, the next month has a clear way down to the next support at 1772.200.

The price of gold will most likely decrease this month and it may encounter some sort of difficulty at 1831.

However, there is a clean traffic to the left and there is a high probability it will hit the predefined target, unless any external force influences the market, such as further escalation of war in Ukraine.

Thank you for your attention,

Ross.