– Previous Weekly candle closed strong Bearish at 2293.700 closing below Weekly Support formed on 5th May 2024 leaving a huge Rejection Wick to the upside. Friday Daily candle closed extremely Bearish breaking out of the recent Daily Range. I’ll be looking for potential Buys above 2301.000 targeting recent Hourly Resistance formed at 2312.000 Leaving Runners to the previous 4h Support formed on 3rd June 2024 around 2320.000. I’ll be looking for potential Sells below 2288.000 targeting previous 4h Support formed on 5th April 2024 around 2277.000 Leaving Runners to the Hourly Strong Support formed on 3rd April 2024 around 2270.000. As price has been extremely Bearish with Gold ending week below 2300 level main focus for the new week will be on CPI and Federal Funds Rate for the US Dollar. If gold breaks below 2277 level (May Monthly Low) there is a good potential for price to retest the 2225 strong Key Level as there is clean traffic on the left.
