$XAUUSD - Bullish For Next Week, Bearish For The Monthly

6 Jul 2024

XAUUSD

My thoughts are that gold is bullish for the beginning of the next week.

Were getting closer to 2414 zone which was tapped 4Times before: 2times on April and another 2 times at May.

Were Getting to the 5th time tap after closing strong bullish last week.

Note that Monthly And Weekly does not have bottom wick, this is why there is a high chance to see rejection after tapping 2414-2440 Levels.

I think there is a very high chance to tap 2414 before any strong rejection.

I Also think that after tapping 2414-2440 levels, monthly will flip and go bearish towards 2293 at least.

11 Jul 2024

Catatan

1St Weekly Tapping Zone Achieved - 2414 tapped!

And the range we targeted is filled.

There is few scenarios that price could print now (Till The End of the Month as analyzed before):
1.Breaking ATH and closing above 2414.
2.Breaking ATH and flip the Monthly candle bearish (Tap 2323 level).
3.Flip Monthly candle without breaking ATH.

Either way I Think there is a high chance to flip bearish in the monthly candle, or at least leave a steep top wick (close the monthly bellow 2400 level).

19 Jul 2024

Catatan

Here we are, weekly flipped bearish and we tapped 2400.

Analysis is still hitting !!

25 Jul 2024

Catatan

Look like today we gonna hit second target zone near 2350, possible to tap during the news that coming up in 25minute.

either way i think there is a high chance we gonna tap that weekly target today or tomorrow.

Enjoy your trading!