XAUUSD 2021 Jun 21 (Intraday)

١٩ يونيو ٢٠٢١

XAUUSD

XAUUSD 2021 Jun 21 (Intraday)

Last week we saw re-distribution unfolded.

As market pauses at 50% 1761 of a previous trend, possible scenarios:
1) Short covering: long opportunity for a quick trade
2) Price goes beyond 1761 and target for 1731, and possibly 1682.

If you see shortening of thrust, prepare for long opportunity.
Wait for a test of a higher low for entry. Manage stops wisely since
price returned to a down channel.

Like & Follow if you find this useful. Have a profitable trading week.