The Monthly Candle maybe should drive up. But I think Gold should need more liquidity before breaking a high level to an uptrend in further months. Maybe the candle of the next two weeks is like this. What do you think about this idea?
Hi guys, Please reference my plan for GOLD next time, for 4H timeframe. Thanks.
This is my trade setup for today. BUY from 2011 and SELL from 2029
As you can see in the big picture. 12.05.2023 closes the WEEKLY candle. AND NOW GOLD is trading at WEEKLY SUPPLY ZONE. Open a SELL order instead of a BUY. SELL IN MAY !!!! SELL AT 2024 !!!! GOOD LUCK!
After NFP GOLD price is strong down. On the next day 08.05 pullback and continuation to the downside.
This week there are many important news that will determine the trend of Gold and DXY. Wait for a good price zone and make big profits this week.
- XAUUSD Forecast for next week - expectation retest 2021 In the last week, GOLD fail to break 1980-1976.
In the short term, XAUUSD may drop to the 49-51 zone. Open a Short order when the price returns to the 89-93 zone. Open a Long order in the price range 49-51 with the target up 2011-2029.