GC1!
GC1! Gold 2021 Oct 11 Week
Last week, we saw market return to test a previous supply region (grey box), ranging between 1745 - 1771.
And Friday was a classic long trap.
Supply volume showed an increase last week.
Short opportunities may appear as market tests the H4 UHV bar.
Weekly: Upthrust bar on average volume closing into the body of the previous bar = weakness.
Daily: UHV UpThrust bar in a downtrend = weakness
H4: UHV up bar clsoing off high, followed by high volume down bar = weakness.
Entry will be based on price reaction at the levels
Short on Test and Reject | Long on Test and Accept
1809 1742
1783 1718
1773 1676
1758
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Have a profitable week ahead.
