XAUUSD
XAUUSD 2021 Jul 26 Week
Per last week, 1812 level was good for long from 19-20 Jul Asian hours, and supply came in to bring market down to 1787 - 1794,
which becomes a revised support zone for the rest of the week.
Weekly: Down bar closing off low, = some demand
Daily chart: Lower volume down bar closing slight above half of bar = some demand
H4 chart: On Bar C and bar after it, Effort No Result from bears as demand came in.
Decreasing bearish volume = might be a pause in bearish momentum or long opportunity next week.
Immediate resistance 1817
Immediate support 1788
Strategy:
Green/Red zones remain preferred entry levels
1) Preference is long given C also is a spring as well
2) Short will be at immediate resistance / red zone
3) Or if C becomes resistance = short opportunity
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