XAUUSD 15/6/21
Daily: Price pulled back to a major S/R level
rejecting it strong leaving a big wick showing
that there is a strong level of buying pressure
there, Also rejecting the 50SMA
H4: showing strong bullish pressure but has come
to a strong level of S/R and looks to be holding as
a level of resistance will wait for a B/R of that
level before taking anymore buys
H1: price looks to have formed a inverted
head and shoulders waiting for a breakout of
the neckline then the retest to take longs
price is trending strong yet so going to be
cautious and wait for more cleaner set up
rejecting it strong leaving a big wick showing
that there is a strong level of buying pressure
there, Also rejecting the 50SMA
H4: showing strong bullish pressure but has come
to a strong level of S/R and looks to be holding as
a level of resistance will wait for a B/R of that
level before taking anymore buys
H1: price looks to have formed a inverted
head and shoulders waiting for a breakout of
the neckline then the retest to take longs
price is trending strong yet so going to be
cautious and wait for more cleaner set up
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