8DC Gold Analysis

June 16 2022

Gold $2 Point & Figure Chart from http://www.eightdragonscapital.com

The 0.75% rate hike from the FOMC has had little effect on Gold prices.

Technical analysis from our point and figure charts, suggest that while Gold remains above our 1818.00 Pivot there is further upside potential to break 1840 and test 1846 and 1850 in extension.

However, a break back below 1818 would lead to a test of 1812 and possible make a new fresh lows in an extension below 1808.00

To trade Gold register at http://www.8dcglobal.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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