Gold Gold Daily Video, June 16, 2022

[Sive Morten]

Good morning,

Gold shows expected pullback to 1840$ resistance area, where we consider short-entry. We need to make minor adjustment and wait completion of intraday upside target before position taking:

 

[Psmota]

Are we still in bearish context? Bulls seem very determined. Tomorrow it looks like we will have another day of the dollar's fall. At this minute gold is trying to break out of the 1851 area.

 

[Sive Morten]

Are we still in bearish context? Bulls seem very determined. Tomorrow it looks like we will have another day of the dollar's fall. At this minute gold is trying to break out of the 1851 area.

Yep, the upward action looks thrusty, so it could continue slightly higher. Any short position should be confirmed by bearish pattern now, this is just safer.