2024-06-26 XAUUSD Bearish Case: Correction to 2150

26 thg 6

- Gold is holding lower price but still no downside breakout
- There are surely some trapped bulls trading off the daily chart: there were several good looking bull signal bars in recent weeks.
- The 2150 price target is based on weekly chart - there are some bears trapped at this level.

26 thg 6

Ghi chú

Looks like we tested to the upside so many times and failed. If price don't drop from here I'm surprised.

27 thg 6

Ghi chú

Gold shouldn't be rallying that strong at this point in the pattern. When it breaks 2315-2317 presented scenario is dubious.

27 thg 6

Ghi chú

When it breaks 2315-2317 then this pattern is invalid and the rally can extend to 2375. So watch out and put stops to break even if you hold shorts.