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wajidalikhan2123

XAU/USD for Intraday Monday 09-05-22

Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
wajidalikhan2123 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Technical Indicators XAUUSD
0
2
indicator xauusd
China will release the April international trade figures on Monday. In case the data shows the negative impact of the coronavirus-related restrictions on the trade balance, the negative shift in risk sentiment could help the dollar find demand and cause XAU/USD to start the new week on the back foot.

So the price is also rite in the middle of Fibbo H1. I will wait for the top 100% or bottom 0% level of fibbo to find an entry.
Comment:
As the price is in the middle of Fibbo H1. I suggest to wait for the bottom 1966 or top 1910 to decide an entry.
Comment:
Correction :- bottom 1866
Comment:
Possible HnS in H4 TF. Breakig MACRO FIBBO 50% at 1870 may lead to further decline towards 1838-33. I am unable to attach or link my chart, do not know why but have shared it with public.
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