XAUUSD-06/21/2023
Preferred direction: SELL
Comment: Despite the fact the level of 1938.915 is still a support, most likely this line has been passed by buyers and a short-term fall towards 1900 should be expected. We should not forget about the speech of the head of the Fed in Congress, which will most likely generate volatility in the market. In this regard, it is better to distance yourself from trading on Gold as much as possible, since this is a very sensitive instrument against the backdrop of such events.
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Comment: Despite the fact the level of 1938.915 is still a support, most likely this line has been passed by buyers and a short-term fall towards 1900 should be expected. We should not forget about the speech of the head of the Fed in Congress, which will most likely generate volatility in the market. In this regard, it is better to distance yourself from trading on Gold as much as possible, since this is a very sensitive instrument against the backdrop of such events.
Thank you for like and share your views!
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