Jun 10 • General discussion
XAUUSD Weekly Outlook: Bearish Momentum & High-Impact News Ahead! 📉🔥
Hey everyone! 👋
Hope you all had a great weekend. I’m looking at Gold (XAUUSD) for this week, and the structure is looking highly interesting. Technical Analysis: Market Structure: On the higher timeframes (1D and 4H), Gold has broken below the Previous Week Low (PWL) with strong bearish momentum. Current Flow: We are seeing consecutive breaks of structure (BOS) and changes of character (CHoCH) to the downside across the 1H and 15m charts. The bears are clearly in control right now. Key Areas: I will be watching closely to see if price mitigates the premium supply zones before continuing its bearish run, or if it searches for a solid liquidity sweep at deeper discount levels. Fundamental Watch: We have a massive week ahead on the economic calendar with plenty of high-impact news data dropping. High volatility is guaranteed, so strict risk management is an absolute must! What are your thoughts on Gold this week? Are you looking for shorts on the pullback, or anticipating a reversal? Let's discuss in the comments! 👇 #Forex #Gold #XAUUSD #TechnicalAnalysis #MarketOutlook
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XAUUSD Weekly Outlook: Bearish Momentum & High-Impact News Ahead! 📉🔥
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