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Gold - Trade Ideas (Monday June 5)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Market Structure:
- Weekly : Bullish at 1927, Bearish below 1983
- Daily: Bearish
- 4H: Bearish
- 1H: Bearish

Data in focus:
- S&P Global Composite PMI (MAY) at 9:45
- Services PMI at 9:45
- Factory Orders at 10:00
- ISM Non-Manufacturing PMI at 10:00

Trade Ideas:

1. Pullback Buys: 1H BOS Retest (1945)
- WAIT for 1H HH close above 1945
- CONFIRM USD weakness after weak PMI data
- Rejections from 4H Demand zone

2. Sells: 4H BOS Retest (1956)
- Fresh 4H Lower Low, BOS
- Rejection from HTF Supply zone
- Bearish Gold, Bullish USD sentiment carry over from Friday NFP
-Clean Range to to retest lows

3. High Risk, High Reward Buy: W BOS Retest (1927)
- First Retest of major HTF BOS
- Potential liquidity grab below last week's lows

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