GC1! Gold 2021 Sep 20 Week

GC1! Gold 2021 Sep 20 Week

Last week, weakness in gold played out for a fruitful short.

Weekly: After 4 up weeks, this is the first wide spread down bar which took out the low of the week
before it. Weakness TBC
Daily: Ultra wide spread down bar on high volume pushing through a temporary support = bearish
absorption = weakness
H4: UHV ultra wide spread down bar A pushing through a support = bearish absorption. Due to the
UHV, market may test the high of bar A or 1785. If price is resisted again then we may see a good
short opportunity.

Strategy for Short (Test and Reject)
Strategy for Long (Test and Accept)

1809 1745
1785 1718
1765 1676

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Have a profitable week ahead.