Gold Spot / U.S. Dollar
Updated

XAUUSD Outlook 26/5/23. The bears are here! 📉

1 211
Good evening gold gang, another amazing day catching the sells all the way to hell! Congrats.

Looks like the bears are here to stay for a while .. price has closed beneath the high of february indicating some mid term downside, coupled with DXY strength making higher highs. I think the only think that will pump us up back into the 2000s is a world economic event .. but all charts pointing downward for the time being.

Ok on to the outlook .. big push down today will require a small pull back, we may see this in asia .. buy zones are out of the way just in case to target that nice clean candle to the upside.

Sells below the current structure and should be pretty straight forward there. Im already at my 200 pip target for the week so ill only be trading if there is a clear set up there for me using the classic strategy or the new 1 min strategy.

Some lovely news coming up tomorrow with a bunch of folders there waiting for us to catch that sweet sweet volume. Lets see what we get!!

thank you for over 900 followers!! please follow along if you're not already. My analysis is simple, but very accurate. Look back and see for yourself.

Like and boost this post!

TommyXAU


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we got the asian pull back as expected

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NY session updated zones

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one more for the road lol ... That concludes another amazing week on the gold chart. Target not met this time but still managed 30 pips on the sells and a break even. Thanks for being with me

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