Gold will continue to consolidate

Gold will continue to consolidate

2021-06-21 • Updated

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On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

However, in the short term, the price is likely to rebound after technical signals. Therefore, we recommend accumulating Buy orders at the support.

Trade idea

Buy: 1192.00, 1186.00, 1178.00

S/L: 1170.00

TP1: 1207.00, TP2: 1212.00, TP3: 1218.00

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