XAU/USD for Intraday Tuesday 11-05-22

As of Fibbo H1 again indicating an upward movement and retracement is again due but rest of the higer TF are all in sell indication. A medium risk buy can be taken from 1833-38 area with 100 pip SL and 50/100 pip TP. I see price testing at least 1847 on 23.6 fibbo.

Trade closed: target reached:

I am done with 35 to 45 buy with 100 pip profit

Comment:

Now a medium risk sell is initiating at this point 1850 as Sma50 is serving as resistance. If this current H1 candle close under it and as bearish then sell below the low and SL above the high.