Gold xauusd Intraday Signal with Technical analysis 30-08-23

This week is weak! In three days two BE and one TP. Well, even then it is good to go. Today my PO missed at 1925.78 and the price went straight down to 1914, I call it a bad luck as my PO was at 1926, well other fellows who were watching the chart took sells from 1925-23 and picked good profits. Thank GOD. Eventually price came to the target area again and a SL was hit from 1930 to 1935 then taken a sell again at 1937 lets C what Wednesday brings to it. A HRS is still there for Wednesday session at 1937-39 area. As H1 is in uptrend so waiting for a buy position at 1923-24 area between 61.8% 1922 and 50.0% 1925 will be a good point to choose. We should not take a buy position above this SNR as retracement is always due, so price may come to this area most probably. Secondly 23.6% 1932 cannot be ignored as price may take support from this area and move above, but this buy entry will HRB provided over sold conditions with saturated price action may cause a SL hit at this point. So we should play safe as much as possible. Good Luck. These two patterns looks promising to me.

NOTE:- Please listen to the whole video. I often speak more than what is written here.