Overall view of XAUUSD or gold - Update of June 24th week
The commodity has been on a continuous bull since the beginning of June's month, leaving a huge 10,000 pips (10,000 USD per contract or 100.00 per unit) between the actual trading price and the support zone. Odds of a trend resumption decreased but are still high unless we trade below @1400.000.
Possible targets: @1460.000 (+60.00 per unit or 6,000pips) and @1500.000(+100.00 per unit or 10,000 pips).
Advice: Stay bullish and buy at any low point while we don't break down the 1400.000 bottom level.
Possible targets: @1460.000 (+60.00 per unit or 6,000pips) and @1500.000(+100.00 per unit or 10,000 pips).
Advice: Stay bullish and buy at any low point while we don't break down the 1400.000 bottom level.