Gold Overview Strategy June 6

138
The 3-candle D1 cluster did not close above 50% of the main bullish candle on Friday last week. Today's main view will be to BUY to 3413.

Today's resistance is around 3413 for the SELL strategy of the US Session. The Asian-European session is looking for a BUY point. There was just a nice BUY wave around 3363 where the price swept liquidity to 3359.

3382 is the target for the BUY order and this area can SELL Scalp in today's Asian-European session for a recovery wave because today's target is up to 3413 according to the bullish structure.

In the direction of Gold Down, contrary to our analysis, the support zone 3341 and support 3324 will support the upward force of gold prices.

The breakout boundary zone 3382 and 3341. Pay attention to breaking out from important resistances, then do not trade against the trend.

Resistance: 3373-3382-3399-3413
Support: 3357-3341- 3325
Trade closed: target reached
Resistance zone 3373 continues to work, causing the price to fall to support 3357. The price has swept to 3353, the BUY signal at support 3357 has not yet touched Stoploss 5 price and bounced up to zone 3368
Note
we will update new strategy soon

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.