XAUUSD 2021 Jul 12 Week

XAUUSD
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XAUUSD 2021 Jul 12 Week

Strength is confirmed, prefer to keep to long, and re-entry on retracement.

Weekly chart: Shakeout SOS confirmed with this week's higher close.
Daily chart: Higher closes daily confirms strength
H4 chart: SOS bar 2 closing higher than SOS bar 1.

Immediate resistance 1819
Immediate support 1794

Strategy:
Long preferred.
If price stays in rotation: Red/Green zone = preferred entry
If rotation zone narrows: stay out of market
on price retracement: long opportunity

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