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GOLD 4 HOUR EDUCATIONAL ANALYSIS UPDATE 19/06/2024

• 07th June 2024, Gold reacted at 2387 causing price to drop to 2288. This drop has created a new Lower low.

• Market then started to range from 2288 but the range is still below or within the Lower High and Lower Low

• We also have a FVG area sitting at 2360 area These areas I have marked up are based on higher timeframes so when price reaches a support level or resistance level or a order block or a FVG, it is a very strong area!

• We are also stuck in a ranging market in the middle of the month > Look at the monthly candlestick, is the monthly candlestick bearish or bullish or is it looking like its creating a doji, a bullish candle, a bearish candle? This will come with experience

GOLD 4 HOUR EDUCATIONAL UPDATE (03/06/2024)

• Gold has reacted of 2315 at the order block area pusing price up to 2356 as it is todays high.

• The push up was due to economic news that came out today. It is important to check the economic calendar!

• Currently Gold is attracted to the EQH sitting around 2360.
  

GOLD 4 HOUR EDUCATIONAL UPDATE (02/06/2024) : Gold has dropped below my POI. After doing some analysis

• 4HR Higher Lows were taken out as it was internal liquidity

• Price is starting to ranged between the EQH and EQL
  

• Orderblock below current price sitting at 2320 - 2305 has confluence confirmations on the 4hr and 22h/23hr timeframe
  

• We could see a potential reaction at this area to push up as we are still sitting above the 22/23hr Higher Low at 2277.

GOLD 4 HOUR EDUCATIONAL UPDATE:

We can see that Gold has reacted nicely at the 4 hour POI marked up. This could be a potential new Higher Low for Gold price to push up to create a new 4 Hour Higher high as well as a new All time high. Gold is still bullish according to market structure but there is also the small possibility that Gold might break the 4 hour Higher Low and push down as well.