GC1!
XAUUSD GC1! GOLD 2021 Sep 06 Week
Weekly: Up bar close off high, volume is healthy. Strength remains.
Daily: Wide spread up bar closing near high, healthy volume = strength
H4 = Narrowing spread and net gain. Supply had been increasing as market went up = weakness
Market met with former resistance. Likely will come down to test the low of the previous
wide spread bar.
Short on test and reject
1838 - 1832
Don't chase the high, wait for retracement if
you are keen to long.
Entry will be based on price reaction to these levels.
1760 must hold if bullishness were to continue.
Have a safe trading week ahead.
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