XAUUSD 6/5/21
Short term buys
Reasons for Bias
Daily: Price is telling me buys yesterdays candle
closed as a strong bullish candle respecting
support, looks to be continuing bullish trend
targets for today will be previous highs
H4: Price is still in a bullish push after rejecting
.764 on fibs looking for short term buys into
previous highs as it is a strong level of resistance
H1 tf: Price is givnig me HL's and HH's minor
structure points Currently broken above minor
resistance level and looks to be holding as a
form of support rejecting 0.5 on fibs and
rejecting the 20SMA as a level of support also
If a buy signal comes looking to buy short
term into previous highs
Reasons for Bias
Daily: Price is telling me buys yesterdays candle
closed as a strong bullish candle respecting
support, looks to be continuing bullish trend
targets for today will be previous highs
H4: Price is still in a bullish push after rejecting
.764 on fibs looking for short term buys into
previous highs as it is a strong level of resistance
H1 tf: Price is givnig me HL's and HH's minor
structure points Currently broken above minor
resistance level and looks to be holding as a
form of support rejecting 0.5 on fibs and
rejecting the 20SMA as a level of support also
If a buy signal comes looking to buy short
term into previous highs
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