Gold Daily Analysis – 30/06/2021
STRATEGY:
Main Scenario: As long as Gold stays below 1764, the main trend will be still downwards. Then the precious metal may down to 1754 price level
Target Expectation: 1754
Considerations Supporting The Scenario:
Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve’s policy stance, with the precious metal heading for its worst monthly drop since November 2016
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1764
Alternative Target Expectation: 1767