GOLD TRADE IDEAS (Tuesday June 6)

6 มิ.ย. 2023

Market Structure:
- Weekly: Bearish below 1983, bullish above 1927
- Daily: Bearish below 1985
- 4H: Bearish
- 1H: Bullish

Data in focus:
- no data this session

Trade Ideas:

1. Buy: 1H BOS Retest (1961)
- Impulsive buyers from demand zone
- BAD PMI Data adding to gold demand, USD weakness
- Breaks back above 4H KL (1956) after liq grab
- Fresh HH close from HL (London Volume)
- Look to fill range to 1975

2. Sell: 1H BOS Retest (1957)
- WAIT for new 1H Bearish BOS below 1957
- USD Strength coming back into play
- Impulsive break back below 4H KL
- Look to fill range to 1945

3. Sell: 4H Supply Retest (1979)
- Bearish MS (W,D,4H)
- Major supply zone from HTF range