XAU/USD Forecast
GOLD FORECAST FROM 3 JUNE 2024 TO 7 JUNE 2024
XAU/USD changed into bearish as we see last time it dropped badly because buyers are taking their profits so we see a big drop of almost 1300 pips. Now at this point we can see a red folder week so we have to be careful for long term trade in this situation we should do scalping. Let's come to the point as you see market sweep low second time and failed to close candle below daily previous candle. Whenever market start sweeping one side it can reverse so first market go upside and out all sellers then go down in a single leg to kickout buyers. Market sweep the PDL PWL and also H1 H4 low it indicates that market want to go up. We can expect buy from 2324 to 2322 till 2338 40 and expect drop from 2339 45 if close H1 candle above 2346 then we can again see the upside move till 2370 74 so after this move our first sell from 2370 74 and second sell position will be 2378 82 we will target first monthly FVG 2373 70 this is the position if market start going upside from current price if drop from first point 2338 40 the we well sell from every retracement.
Conclusion : We will sell on every retracement until Gold tap in monthly FVG
XAU/USD changed into bearish as we see last time it dropped badly because buyers are taking their profits so we see a big drop of almost 1300 pips. Now at this point we can see a red folder week so we have to be careful for long term trade in this situation we should do scalping. Let's come to the point as you see market sweep low second time and failed to close candle below daily previous candle. Whenever market start sweeping one side it can reverse so first market go upside and out all sellers then go down in a single leg to kickout buyers. Market sweep the PDL PWL and also H1 H4 low it indicates that market want to go up. We can expect buy from 2324 to 2322 till 2338 40 and expect drop from 2339 45 if close H1 candle above 2346 then we can again see the upside move till 2370 74 so after this move our first sell from 2370 74 and second sell position will be 2378 82 we will target first monthly FVG 2373 70 this is the position if market start going upside from current price if drop from first point 2338 40 the we well sell from every retracement.
Conclusion : We will sell on every retracement until Gold tap in monthly FVG
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。