XAU/USD - 22/03/2021

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Good morning everyone! Hope you had a fantastic weekend and are ready for another productive week.

(H1) - From my weekly outlook I was expecting price to break resistance around 1744.693. Price failed to break higher and resulted in a double top . We then broke support to give us more confluence into a bearish market. I will be waiting for an hourly close to retest the previous support to look for short entries.

We have seen major market gaps across the board. My personal suggestion would be to sit out of any pair that has a gap until price develops further. Wouldn't want to get caught into a false move/ manipulation.