Analysis of Intraday Price Movement of Gold Commodity Asset, Monday June 19, 2023.
June 19, 2023 6:24 am
From the 4-hour chart of the gold commodity asset, we can draw clues based on the CCI indicator which is still moving below the 100 level and the gold price movement that reacts when it touches the area level of its 4 hour bearish Fair Value Gap at 1974,52-1966,76, then a hint can be taken that in the near future Gold will depreciate to the level of 1924.44 as long as there is no significant upward correction movement, especially if it exceeds the level of 1980.36 because if this level is successfully penetrated upwards then the decline scenario described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
From the 4-hour chart of the gold commodity asset, we can draw clues based on the CCI indicator which is still moving below the 100 level and the gold price movement that reacts when it touches the area level of its 4 hour bearish Fair Value Gap at 1974,52-1966,76, then a hint can be taken that in the near future Gold will depreciate to the level of 1924.44 as long as there is no significant upward correction movement, especially if it exceeds the level of 1980.36 because if this level is successfully penetrated upwards then the decline scenario described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: