XAUUSD 2021 May 31 Weed (Intraday)
XAUUSDXAUUSD 2021 May 31 Weed (Intraday)
Weekly | Daily | H4 = Bullish
Market enacted both scenarios in our week 23 May's plan.
Market's now in a previous very strong supply area,
Bar 1 SOS, good long when price revisited its low / close.
Bar 2 absorption volume, we expected price to return to test for supply, which happened in Bar 3 and Bar 4.
Bar 3 is weak, as up bars following it were unimpressive - narrow spread and low volume
Bar 4 closed off its high, supply is still present. Again subsequent up bars on low volume. Short opportunity
should present itself as it approaches the recent high.
Trade entry remains at green/red zones.
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Have a profitable trading week.
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