paradox677

XAUUSD 2021 May 17 Week (Intraday)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

XAUUSD 2021 May 17 Week (Intraday)
Weekly | Daily | H4 = Bullish

Market traded in the range of the ultra high volume range of bar 1 last week
Tests of its high and the green zone offered good trading opportunities.

Immediate Resistance = 1845 - 1850

Scenarios:
1) Immediate resistance holds, = short trades
2) Price may test 1826 or green zone for long opportunities
3) If breakout of recent high, price may test next supply zone 1870

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Have a profitable trading week.

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