**Monthly Chart**
Last month's candle closed higher which indicates that the long-term bias is still Bullish. Gold bounced from the high level (Sell Zone) for the third time in May 2023. However, it is slightly higher than the previous double tops which indicates that the price will approach the high for the 4th time break all-time highs, and move out from long-term range.
**Weekly Chart**
Last week's candle closed higher indicating the directional bias is bullish.
**Daily Chart**
This week, I am looking for a buying opportunity on bull back on shorter time frames. My next target is around 2050 level (previous high).
Last week I bought XAUUSD at 1962.25 and closed it at 1983.50 level.
Last month's candle closed higher which indicates that the long-term bias is still Bullish. Gold bounced from the high level (Sell Zone) for the third time in May 2023. However, it is slightly higher than the previous double tops which indicates that the price will approach the high for the 4th time break all-time highs, and move out from long-term range.
**Weekly Chart**
Last week's candle closed higher indicating the directional bias is bullish.
**Daily Chart**
This week, I am looking for a buying opportunity on bull back on shorter time frames. My next target is around 2050 level (previous high).
Last week I bought XAUUSD at 1962.25 and closed it at 1983.50 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.