XAUUSD Outlook 5/15

15 May 2022

Bullish on gold into next week unless it chooses to make a new low. Price mitigated an OB from a while back, and I would expect some profit taking at this level and at least short term bullish action. Annotations on chart. This is in line with anticipated dollar weakness. Monitoring intraday price action for potential trades.

18 May 2022

Not

This was NOT a real trade taken, however it was an opportunity missed. Pay attention to NY open price action next time.