WC June 11 Outlook XAUUSD (The markers are fractal)
MTF Analysis
M-Was in an uptrend has broken structure to the downside in Sept '22. Has been respecting 2k, never closing above it. ----IF Weekly TF Uptrend is sustained and respects 1870, and starts a new uptrend, we may get to 2150 by end of 2023. Bearish until Monthly fib levels show BOS UP at 38.2/50/618 levels only. ----
W-Broken intermediate structure to the downside. Again, unable to close strongly and significantly above 2k. undergoing accumulation. Overall atm, it is still in a bull trend UNTIL PA establishes LH's and LL's below 1800. IT IS LOOKING LIKE WYCKOFF DIST SCHEM 1 ATM ALSO.
M-Was in an uptrend has broken structure to the downside in Sept '22. Has been respecting 2k, never closing above it. ----IF Weekly TF Uptrend is sustained and respects 1870, and starts a new uptrend, we may get to 2150 by end of 2023. Bearish until Monthly fib levels show BOS UP at 38.2/50/618 levels only. ----
W-Broken intermediate structure to the downside. Again, unable to close strongly and significantly above 2k. undergoing accumulation. Overall atm, it is still in a bull trend UNTIL PA establishes LH's and LL's below 1800. IT IS LOOKING LIKE WYCKOFF DIST SCHEM 1 ATM ALSO.