GOLD Weekly Analysis 06-05-19
Updated
expecting a push up to create a upper wick on the new monthly candle. Exhaustion from sellers and a push from buyers looks very evident after previous nfp week. Dropping down to weekly we can see multiple rejections and lower wick indicating sellers losing control. A pullback to 1292 area is most significant for the upcoming week.. possibly a stronger push and wick to 1296-1297 then continue push down and rejection off of the bearish trendline to fulfill overall 1260 tp1. REMEMBER DONT PREDICT... REACT.
Note
its looking pretty accurateTrade closed: target reached
sells for the upcoming week, bullish target has been achieved.
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