Gold xauusd Intraday Signal 11-09-23
I remember on Thursday we got two BE hits and we rested and call the day off. Friday turned out to be profitable and we got two TP hits but it was only due to group discussion and a team work. Very realistic live market trading. My second lot in sell at 1926.91 is still intact. Lets have an over view of market position as it is a week end and we have a break to relax and cover up all TFs. So, in monthly TF the price is leaning towards its support area 1903/38.2% MACRO FIBO. W1 TF is also dropping towards Sma44 support 1907. So the D1 TF is going to play a vital role in clarifying the way point because its Sma200 have supported the price at 1917 and now it is serving as support at 1918. We may see last three candles were well kept online with it. Now we can observe our H1 TF for our work plan. Having in mind all those large TF support areas, The SMC indicator is showing demand/buy area from 100%/1916 to 78.6%/1919 provided Sma44 is aligned with 61.80%/1921. So we are range bound on our tested 1918-23 Ranged SNR. It will be also Monday, price may hover around 1916-21. We have to enter the market with BE technique. On Break/Rejection at 1921, I will BE it on reaching 1919 in sell and 1923 on buy. Similarly on Break/Rejection at 1916, I will BE it on reaching 1914 in sell and 1918 on buy. Set your alarms as Trading View for two points 1921 and 1916 and then act accordingly. Don’t waste your time watching the monitor unless you are a Scalper. My sentiments are more towards selling. Do not enter blindly, compare your work with mine and if you feel unity in them, go for it. Good luck.
Comment:
Picked 23 and 28 at group while we trade live market together
TP HIT FROM 17 TO 22 BUY ENTRY