$XAUUSD = Gold: Daily Analysis – Down = 29.06.2021 #GOLD #preciousmetals #XAUUSD

Following forecast, gold moved down after consolidation. Next target area – $1720-1650. Current monthly candle formation – Bearish Engulfing. If gold closes below $1768 tomorrow, the odds of further correction would greatly increase.

There is a small chance of a bullish reversal. If gold makes a solid +1-1.5% move tomorrow, it could make a bottom.

I plan to share my monthly analysis tomorrow.

Yesterday’s Daily:

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