0506-0511 GOLD Weekly Outlook

٧ مايو ٢٠٢٤

Hello traders,

GOLD is facing a wide side way price action at the end of the strong weekly uptrend leg.

On this left weekly chart, price could start to rise again with the support of EMA and retest weekly pressure zone.

On the 4h chart, gold has start a new leg up since yesterday and now is sideways price action above 4H EMAS, this could be a chance to join the new leg later in NY OR LD SESSION.

GOOD LUCK!
LESS IS MORE!

٧ مايو ٢٠٢٤

ملاحظة

٧ مايو ٢٠٢٤

ملاحظة

For Tues early EURO session plan.

٨ مايو ٢٠٢٤

ملاحظة

Tues NY SESSION, GOLD did not strong enough to make a new high.
On 4H chart, it is turning down and could test next level.