XAUUSD short trade

1. Break of support.
2. Retracement to breakdown level, confirming old support = new resistance.
3. Continuation of primary (down)trend.

Komentar:

Bears: price still in a downtrend + death cross (50/200MA) on June 19.
Bulls: bullish engulfing pattern (daily chart), price bouncing off uptrend line support (weekly chart)

...interesting week ahead ! Follow the price action !