Description
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OANDA:XAUUSD
XAUUSD 2021 Feb 22 Week
Daily chart shows price approached previous demand area (grey box).
Fri 19 Feb we saw a higher close and demand, buyers defended 1760 again.
If 1760 is broken and becomes resistance, next target could be 1712.
H4 chart we see shortening of thrust, so supply may be weakening.
H1 showing high lows.
1796 will be used to determine change in trend if price breaks this and is supported.
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Have a profitable trading week!