Gold xauusd intraday signal 20-09-23
R3 LRS 1942 - R2 MRS 1938 (SMC Supply Area) - R1 HRS 1934
S1 HRB 1930 - S2 MRB 1925 (SMC Demand Area) - S3 LRB 1920 (Sma200)
SELL> 1938 - 1944 - BUY> 1930 - 1926
FOLLOW UP
D1 On support Sma44/1926.58 Sma200/1923.89
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The golden cross mentioned yesterday is established. All of the supports in larger time frames are working strong and creating virtual supports in smaller TFs. However W1 descending trend line and Sma44 has formed a neutral symmetrical triangle. Breaking any of them will determine price action for the next week. NOTE:- LISTEN TO THE END, I OFTEN SPEAK MORE THAN WHAT IS WRITTEN HERE. THERE ARE TIPS FOR THE FUTURE PERSPECTIVE.
S1 HRB 1930 - S2 MRB 1925 (SMC Demand Area) - S3 LRB 1920 (Sma200)
SELL> 1938 - 1944 - BUY> 1930 - 1926
FOLLOW UP
D1 On support Sma44/1926.58 Sma200/1923.89
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The golden cross mentioned yesterday is established. All of the supports in larger time frames are working strong and creating virtual supports in smaller TFs. However W1 descending trend line and Sma44 has formed a neutral symmetrical triangle. Breaking any of them will determine price action for the next week. NOTE:- LISTEN TO THE END, I OFTEN SPEAK MORE THAN WHAT IS WRITTEN HERE. THERE ARE TIPS FOR THE FUTURE PERSPECTIVE.
Comment:
If it breaks 1927, we have a situation.
Comment:
To neutralize the HnS initiation, price needs to break right shoulder top at 1932.