Xauusd_Ideas

H1 VIEW 28TH JULY 2021

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
H1 view shows Price is moving down as expected - shown in MOVE A. This move is completed by touching LTF demand area, shown in grey.

An additional confirmation would be when the pullback respects previous structure and completed MOVE B as a lower high. This confirms a down trend move.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.