XAUUSD 2021 Jun 21 (Intraday)
XAUUSDXAUUSD 2021 Jun 21 (Intraday)
Last week we saw re-distribution unfolded.
As market pauses at 50% 1761 of a previous trend, possible scenarios:
1) Short covering: long opportunity for a quick trade
2) Price goes beyond 1761 and target for 1731, and possibly 1682.
If you see shortening of thrust, prepare for long opportunity.
Wait for a test of a higher low for entry. Manage stops wisely since
price returned to a down channel.
Like & Follow if you find this useful. Have a profitable trading week.
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