Chart analysis 2023/6/5



Good evening, this is Aridanshaku

Starting Monday from tomorrow, right

Everyone, thank you in advance

This is tomorrow's Monday viewpoint analysis

The candlestick that was confirmed at Friday's close

Weekly upper wick bullish candlestick

Daily engulfing bearish candlestick

If you analyze only with candlesticks

it looks like the price may move downward from tomorrow

The price movement predicted by the MTF analysis on Fridaywill be a move down followed by upIn candlestick terms, I thought it would end with a lower shadow bullish candlestickBut in reality it ended only with a lower notch, so when thinking in candlesticks, crowd psychology seems to be downwardNow I'll add the perspective of large fundsXAUUSD Daily4-hour chartSupport on the 4-hour chart remainsDaily and weekly candlestick uptrend is negated; considering Fibonacci comprehensivelyI am biased to the downside in the long term, so after the up move, a downward move feels more fittingAccording to textbook logic, crowd psychology is downward, soit seems easier to hunt for a riseWhich direction it will move can be judged by tomorrow's price action, sothe short-term perspective will be shared on TwitterSummary1934.37 1932.28 As long as it doesn't break below, it will rise to 2003.05If it breaks below 1932.28If it comes back to 1932.28, it's a buying opportunity on the pullbackIf you found the article helpfulPlease favorite and follow

will be a move down followed by up

In candlestick terms, I thought it would end with a lower shadow bullish candlestick

But in reality it ended only with a lower notch, so when thinking in candlesticks, crowd psychology seems to be downward

Now I'll add the perspective of large funds

XAUUSD Daily

4-hour chart

Support on the 4-hour chart remains

Daily and weekly candlestick uptrend is negated; considering Fibonacci comprehensively

I am biased to the downside in the long term, so after the up move, a downward move feels more fitting

According to textbook logic, crowd psychology is downward, so

it seems easier to hunt for a rise

Which direction it will move can be judged by tomorrow's price action, so

the short-term perspective will be shared on Twitter

Summary

1934.37 1932.28 As long as it doesn't break below, it will rise to 2003.05

If it breaks below 1932.28

If it comes back to 1932.28, it's a buying opportunity on the pullback

If you found the article helpful

Please favorite and follow