Gold Spot / U.S. Dollar
Updated

XAUUSD Outlook 6/5/23. 4H Pullback? 📉

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Good evening gold gang! hope you are all well and had a good day on the charts catching sells and buys with me!

Ok the initial sell in london was nice after a push in asian .. managed 50 pips before price struggled to break that 1938 which is very strong! .. 4 candles could no do it. News came out bad for the dollar and we got a push up, a close and an entry long catching 100 pips up to the second target to the tee!! Amazing work.

Price is currently at one of my levels leaving a nice load of clean candle to the left just waiting to be filled. Reversals from this area are valid, just use confirmation to get in.

As for the rest of the session, there is no clear direction as of yet. AUD news in the asian session could boost us but there is no USD news tomorrow so we could be in for a quiet one ..

Buys and sells are there on the chart for you to note .. both zones clear and ready to be taken providing we get the volume.

Thank you for all the likes and follows .. appreciate you all! lets make the gold gang the biggest community on here!

see you in london

tommyXAU
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Price levels update .. news did nothing for us last night so expect a pretty steady day

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Reversals are very available from the level targeting the next zone
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congrats anyone who got the reversals as forecast. Lovely move right at NYSE open as the 4hr candle flipped. 4hr pull back complete!! another winning analysis.

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