XAUUSD 2021 Jun 14 (Intraday)
XAUUSDXAUUSD 2021 Jun 14 (Intraday)
Weekly Bullish with weakness | Daily = Bullish | H4 = Bearish
Preference to short last week proved to be prudent. Noticed that price did not manage to reach previous highs both in H4 and Daily Chart.
Does this mean that supplies at those higher levels have been distributed, and now re-distribution is happening at this current price level?
As price rotates in this upward channel, these are possible scenarios if we reference it to the daily chart
1) Building up for the next up move
2) Possible re-distribution
3) Rotation range has gotten narrower, if volume is low I will stay out of the market
Nonetheless at the moment, we will follow the guidance of the channel and also the red/green zones.
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Have a profitable trading week.
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