XAU/UAS Daily Analysis

8 ביוני

Gold daily had a huge sell off on the last day of trading on the headline that China halted reserves buying after an 18-month stretch. Technically, we can see a Head & Shoulders pattern in play with price testing the neckline at the close of business. If the pattern follows through, we will see more downside, especially after Fridays bearish engulfing candle.