XAUUSD 2021 Aug 02 Week
Uneventful week for Gold given the narrow range, except on Friday long from Green zone was good.
Weekly: Up bar closing in middle, some supply
Daily: Lower volume down bar closing off low = some demand
H3: Bar A showed bullish strength, Bar B demonstrated demand overcoming supply.
Strategy:
1) Price return to Bar A and shows support = long opportunity
2) If 50% is supported, will take a long to the red zone as first target.
3) Red/Green zone preferred entry where price remains in rotation.
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Have a profitable week ahead.
