XAUUSD 19/5/24
Go this week has a pretty similar outlook to Euro where we are looking at a 4 hour bullish directional bias which actually lines up with our daily and weekly bias, Following this principle we're going to look for this price action to continue we failed to close above the major high to the left on the hourly and the daily time frame, This giving us reason to expect a pullback or a possible short term reversal.
Based off of the diagram we have right here we're looking for price to drop back into the bullish range that we have already created on Friday to then give us either another bullish push to a new all time high for gold or for the low marks to break and we will then consider lighting up for some short price action to lead us towards the lower 50% of the higher time frame range to the upside.
Trade safe and always read price action.
Based off of the diagram we have right here we're looking for price to drop back into the bullish range that we have already created on Friday to then give us either another bullish push to a new all time high for gold or for the low marks to break and we will then consider lighting up for some short price action to lead us towards the lower 50% of the higher time frame range to the upside.
Trade safe and always read price action.
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