GOLD 19.07.21 - H1

Monday, July 19, 2021 3:56 PM

given how the h4 candle on gold closed, price retested last weeks weekly low and if the daily candle close holding the rejection steady, we should see price rise all the way to 1832.90.

FOR PICE TO ACTUALLY RISE WELL WITHOUT MUCH/ RETRACING TO THE LOW, THE H4 CANDLE PRINTING NOW WILL NEED TO CLOSE ABOVE 1817.34.

if price rejects/fails to clove about 1817.34 we should see price consolidates between 1874.34 and last weeks weekly low or even drop more.

IF YOU ARE GOING TO TAKE THIS TRADE, I SUGGEST ONE KEEPS IN MIND THAT PRICE MIGHT WANT TO DROP AND RETEST THE REJECTION BEFORE CONTINUING UP, HENCE WHY THIS H4 CANDLE NEEDS TO CLOSE ABOVE 1817.34.

this will mean that pice has chances of taking out our stop losses and reverse and push higher. please keep this in mind as gold usually retests!

IF YOU DID NOT MANAGE TO CATCH THE LOW, DO NOT ENTER UNTIL A H1 CANDLE CLOSES ABOVE 1813.90, HOWEVER, THE H4 CANDLE IDEAN IS MUCH SAFER