Possible XAUUSD (GOLD) Weekly short
Based on the break and retest strategy on the weekly timeframe, I'm going to look the lower timeframes such as 1H/4H/D to look for short confirmations when price reaches my previous broken support zone.
Also, The weekly broke a previous level of resistance and could be tested as a new support. Same here, I will be looking for the lower timeframes such as 1H/4H/D to look for long confirmations once prices comes back in to this zone.
If price breaks through the previous weekly support zone, I'll be looking for shorts at the demand zone above.
Also, The weekly broke a previous level of resistance and could be tested as a new support. Same here, I will be looking for the lower timeframes such as 1H/4H/D to look for long confirmations once prices comes back in to this zone.
If price breaks through the previous weekly support zone, I'll be looking for shorts at the demand zone above.
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