XAUUSD Analysis (31st May 2024)

XAUUSD Analysis(15M TF)

Price Rejected 4 hour Bullish FVG at the 2340.98 level.

BUY/SELL SCENARIOS:

🟢BUYS: Price Rejects the 2341.43 level and creates a 5 minute CHOCH to continue higher, targeting 2356 level.

🔴SELLS: Price Dumps below the 2340.02 level with a body candle close. If this happens, Bearish CHOCH forms, indicating selling Pressure > Buying Pressure. Look to target 2327 level.