XAUUSD 2021 Jul 12 Week
XAUUSDXAUUSD 2021 Jul 12 Week
Strength is confirmed, prefer to keep to long, and re-entry on retracement.
Weekly chart: Shakeout SOS confirmed with this week's higher close.
Daily chart: Higher closes daily confirms strength
H4 chart: SOS bar 2 closing higher than SOS bar 1.
Immediate resistance 1819
Immediate support 1794
Strategy:
Long preferred.
If price stays in rotation: Red/Green zone = preferred entry
If rotation zone narrows: stay out of market
on price retracement: long opportunity
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