Right now, gold price inside monthly zone (1796-1828)
Weekly price rejected from weekly level (1807)
Daily also rejected from daily level (1807)
With price action in Weekly and Daily level, we already got 1 hint that price will bullish again.
But, is it the right time for buy? For me, I will wait for H4/Daily make bullish structure (refer to reversal terms in Dow Theory)
Before price make new structure in H4/Daily, price need to complete storyline in lower time-frame.
I make 3 decision level for gold price next week (probably will touch between May 16th - May 18th)
If price make breakout in decision H1, probably will go up until H4. If H4 can make breakout in Daily, price will go to Daily
Weekly price rejected from weekly level (1807)
Daily also rejected from daily level (1807)
With price action in Weekly and Daily level, we already got 1 hint that price will bullish again.
But, is it the right time for buy? For me, I will wait for H4/Daily make bullish structure (refer to reversal terms in Dow Theory)
Before price make new structure in H4/Daily, price need to complete storyline in lower time-frame.
I make 3 decision level for gold price next week (probably will touch between May 16th - May 18th)
If price make breakout in decision H1, probably will go up until H4. If H4 can make breakout in Daily, price will go to Daily
