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GOLD is Bearish and Looking for a Drop

By:

Nenad Kerkez

Published: Jun 7, 2021, 07:39 GMT+00:00

Gold is looking at the possible support as the price is turning lower. We could see a bearish pressure.

88.6 confluence shows a resistance zone which is also confirmed by the camarilla D H4 pivot point. Trend line is also supporting the move down. Targets are 1881 followed by 1872 which is the weekly L3 camarilla. W L3 could make a support and turn the market bullish.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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