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wajidalikhan2123

XAU/USD INTRADAY THURSSDAY 19 MAY 2022

Long
Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
wajidalikhan2123 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Okay Gold being ranging on the edge of being bullish or bearish in a moment. Today's Fibbo H1 indicates an upward movement at 1836 on 100% but in between it needs to cross and hold above 1818-23 on 38.2% level. Entering in between is strictly not advisable as I see breaking either side by a speedy candle. Let it rest at any of the corner then decide your entry.
Comment:
Wait and stalk the price action. simply decide your entry point when price reach 1803-08 0.0% area or 100% 1833-38 area level of fibbo H1. At these points there are 66% chances of price to reverse for a retracement. See the momentum at these points and find an entry near them.
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