XAUUSD Trade Outlook for 17/6/24-24/6/24
Gold (XAUUSD) outlook for the Week 17/6/24- 21/6/24
HTF: After price created ATH at $2450, we have thus confirmed a bearish divergence on the daily. Expected low to go at $2277.
MTF: 4H has given us sufficient bearish confirmations. However, note that until this daily low of $2277 goes, bullish pressure could still come in at any point in time, as we are bullish on HTF.
Outlook for the week:
Look for shorts and target $2277.
Capitalise on short-term bullish pressure for longs when they present themselves.
HTF: After price created ATH at $2450, we have thus confirmed a bearish divergence on the daily. Expected low to go at $2277.
MTF: 4H has given us sufficient bearish confirmations. However, note that until this daily low of $2277 goes, bullish pressure could still come in at any point in time, as we are bullish on HTF.
Outlook for the week:
Look for shorts and target $2277.
Capitalise on short-term bullish pressure for longs when they present themselves.
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