US30USD 2021 Jul 26 Week
US30USDUS30USD 2021 Jul 26 Week
Gold eked out a slight high ATH at 35115.80
Weekly: Wide spread up bar closing near high, no change in trend signs yet
Daily: Decreasing volume as price creeped up = SOW
H4: Weakness has appeared, Bar A and bar after it closed off high, decreasing
volume as market moved up is also weakness.
Would expect history to repeat itself.
Strategy:
1) Wait to short if no demand and/or upthrust / market mushrooms over (pink structure)
2) With weakness appearing, keep stops tight if long
3) Long only when climatic down bar and support appears
Remember to like and follow if you find this useful.
Have a profitable trading week.
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