GC1! Gold 2021 15 Nov Week
GC1!GC1! Gold 2021 15 Nov Week
Last week's long from 1822 proved fruitful.
This week's H4 chart may be showing buying climax followed by rotation.
Weakness apears if:
(i) A push above resistance and price close below resistance forming an upthrust
after price has exited the uptrend channel
(ii) mushroom over of the market and price has exited uptrend channel
Weekly: High volume up bar closing at high = strength.
Daily: A wide volume up bar closing in middle, followed by 2 low volume up bars
closing almost level and resisted at 1871. Market is being marked up at the moment,
watch for temporary weakness. Keep stops tight if long.
H4: Ultra high volume ultra wide spread up bar may be buying climax.
Let's see if the market will be continue to be marked up on low volume.
This is a sign of weakness, caution if long.
Short on Test and Reject | Long on Test and Accept
1920 1966
1870 - 1880
1822 1800
1783 1758
1742 1718
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Have a profitable week ahead.
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