Gold H4 25th June Inisights
Goldie
June overall has been trading in a range, weekly inside bar created, price failed to take the high suggesting the supply is still in control.
We have now finally broken lower than the previous week range and closed lower.
H4
Interesting price action, the demand areas I have marked are creating some nice reaction points, still no solid break of structure on the H4 chart
Would like to see gold trade to the daily gap I have marked, there are some very nice demand zones in confluence.
Currently following orderflow on the higher time frame for higher probability trade direction
Seasonally gold tends to be trading lower in the last week of June, so far this has aligned nicely with my technical analysis.
June overall has been trading in a range, weekly inside bar created, price failed to take the high suggesting the supply is still in control.
We have now finally broken lower than the previous week range and closed lower.
H4
Interesting price action, the demand areas I have marked are creating some nice reaction points, still no solid break of structure on the H4 chart
Would like to see gold trade to the daily gap I have marked, there are some very nice demand zones in confluence.
Currently following orderflow on the higher time frame for higher probability trade direction
Seasonally gold tends to be trading lower in the last week of June, so far this has aligned nicely with my technical analysis.