XauUsd Weekly Analisys

Why do I expect the price to go back up and then drop?

Long (from 1790 to 1813-1816):

-1: We grab a lot of previous lows liquidity on the h4 and h1 timeframe

-2: Price is on a support level of h4 and daily timeframe

Short (from 1814 to 1773):

-1: Head and shoulders, so I expect price to drop

-2: Good retest resistance daily level



Always wait for entry confirmation on lower timeframes when the price is on these zones.