wajidalikhan2123

Gold xauusd intraday signal 10-10-23

TVC:GOLD   CFDs on Gold (US$ / OZ)
R3 LRS 1878 -R2 MRS 1863 -R1 HRS 1848 SNR
S1 HRB 1848 SNR -S2 MRB 1843 Demand Area -S3 LRB 1833 Demand Area

D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903
W1 On Support Sma200 / 1814
MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848

SELL> 1963 - 1878 BUY> 1843 - 1833

OBSERVATIONS: The upper block 1853-1903 is still on standby. If you remember my last words. Well The War situation sabotage all work plan but we played a plan B quickly at the group and taking a buy at 1848 50% MACRO FIBO turned out profitable. An update marking 1863 as virtual resistance ended the day later. Sooner or later, this Gap will be filled but when nobody can predict in such a short time. As last Gap of 1867-74 was filled after Gold tested the 2084 peak. It took 5-3-23 to 24-09-23 nearly six months. This time 1832-45 a $13 Gap is being created provided the latest war Palestine vs Israel erupted. Last time they were Russia vs Ukraine. Well lets get back to our traditional Intraday work plan and find our pennies of 50 pips. we have buy positions at BE 1848 and 1850 so as both first lots were TP at 50 pips each so we are in no hurry. We should wait for approaching Sma44 now at 1839 to intercept the price in 1843-48 area where Demand zone is already established. On the other hand, a sell position is out there at 1880 at the edge of Supply Zone provided there is a virtual Resistance in D1 present at 1885. This is the Plan A for the day and as we are at war situation, things may change quickly and we have to discuss it at the group to find Plan B.

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