GC1! Gold 2021 22 Nov Week

20. Nov. 2021

GC1! Gold 2021 22 Nov Week

Did you catch the weakness advised per point 2 last week? Hope you had exited
long positions in time and prepped for the short setup at 1880.

Weekly: Average volume down bar closing near low = weakness
Daily: Average volume down bar closing off low showed some demand.
The support came in at a daily uptrend channel resistance line. Either this
support holds or price is overbought and market may return into the channel, may
test 1822
H4: An almost ultra high volume wide spread down bar closing near low = strength.
Market may temporary test previous resistance. If breakdown and resisted at
1822, price may head for bottom of channel.

Short on Test and Reject | Long on Test and Accept

1920 1966
1870 - 1880
1822 1800
1783 1758
1742 1718

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Have a profitable week ahead.