Gold Analysis - this time gold has plunged under $ 1,800 - Kakiforex.com - Financial Market Media No. 1 in the World Gold Analysis - this time gold has plunged under $ 1,800 Gold Analysis - this time gold has plunged under $ 1,800
InstaForex

June 19, 2021

Gold Analysis - this time gold has plunged under $ 1,800

 Gold investors are certainly earlier have been preparing to face disappointment when gold trading meets forecasts to fall below the $ 1,800 price level this week.


As shared with yesterday's analysis of the XAU / USD price chart which measures the value of gold against US dollars, price movements when analysis shared yesterday hovering above the 1800.00 level seen as RBS Zone (Resistance Become Support).


Analysts have expected a decline in prices to continue to connect 600 pips prices during a reaction to the FOMC meeting which saw US dollars strong.


The daily drop yesterday said the previous day's decline situation almost 600 pips headed to 1765.00 focus to record 7 weeks.


But it has not reached the level, prices rise again to connect to Asian and European sessions on Friday.



The price is expected to test the 1800.00 level before connecting a lower drop until the Support Zone 1765.00 will be re-tested.


But the price hike can also be expected for profit-taking (profit-taking) by investors after the difference of about $ 100 gold prices this week.


For the price increase continued above the 1800.00 level, investors will return to focus on previous important levels such as the 1850.00 Support Resistance Support Zone (Support Become Resistance).