Xau/Usd Gold

Jun 19

Gold had 3 nice monthly candle rejection around 2385 . We can expect a monthly retracement before buying . If you look at the daily and 4 hour timeframes we are maintaining lower lows lower highs . Price is respecting our 50% fib level so we can expect roll down this week . My Take profit target is 2260. Overall gold is bullish but for now I am in sells until it breaks above 2388.