GC1!
XAUUSD
GC1! XAUUSD GOLD 2021 Aug 23 Week
Last week we talked about trend emerging.
Price broke out of channel, long opportunities on retests on
25 and 26 Aug. Market usually returns to test the previous zones,
so it is fine to miss a trade, WAIT and it will come to you.
Weekly: Wide spread up bar closing on high on healthy volume
Daily: Wide spread up bar closing on high, approaching
supply region 1819
H4 = Absorption UHV bar.
Strategy as usual are entry on price reaction to red/green levels
1) Long when price test previous levels
2) Short when price rejected at previous high 1820
Have a good trading week ahead.
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