GC1!
GC1! Gold 2021 Sep 27 Week
Last week we saw nice reaction at 1745, 1765 & 1785. Patience is rewarding.
Weekly: Weekly price bar went below the low of the previous bar and closed level against it.
Volume was high with no follow through from sellers. Some demand is present,
however due to no obvious signs of strength yet , we can only presume weakness to continue = Weakness
Daily: Some demand as price came down, closing slightly above the middle of the bar = some Strength
H4: Market still governed by UHV Bars B & C, we may see price moving in this range, although at the moment market is still weak.
Entries will be based on price reaction off these levels
Strategy for Short (Test and Reject) | Strategy for Long (Test and Accept)
1809 1745
1785 1718
1765 1676
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Have a profitable week ahead.
