gold buy 31.05.22

31 thg 5, 2022

if we look at the weekly and daily timeframe for gold, price is still showing us some bullishness. price set a low at 1849.30, this is the area price rested during Asian session and quickly rejected. my theory is if price manages to stay above we should see it push higher to give us a daily wickfill from yesterdays candle and even potentially push higher. price has been ranging from last week to this week, so far I has not broken any major zones which means we take advantage of the range, however if price breaks 1849.30, our theory has changed and potentially the setup because that's the low price has been respecting for it to go higher.