US30USD 2021 Jul 26 Week

US30USD 2021 Jul 26 Week

Gold eked out a slight high ATH at 35115.80

Weekly: Wide spread up bar closing near high, no change in trend signs yet
Daily: Decreasing volume as price creeped up = SOW
H4: Weakness has appeared, Bar A and bar after it closed off high, decreasing
volume as market moved up is also weakness.

Would expect history to repeat itself.

Strategy:
1) Wait to short if no demand and/or upthrust / market mushrooms over (pink structure)
2) With weakness appearing, keep stops tight if long
3) Long only when climatic down bar and support appears

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Have a profitable trading week.