R3 LRS 1926 SMC Supply Area - R2 MRS 1916 - R1 HRS 1906
S1 HRB 1906 - S2 MRB 1896 SMC Demand Area - S3 LRB 1886
SELL> 1926 - 1946 - BUY> 1896 - 1886
FOLLOW UP
D1 On SNR Sma44/1921 Sma200/1927
W1 On support Sma44 / 1918 MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
Today 1906 is the point of impact. Those who are in buy may keep their SLs below 1896 as there is a demand area is there. Gold crossed 1915 then 1908 and now at 1903. If this 1903 got broken and we close under it till the end of this month then we may visit 1886 or even 1853 50% MACRO FIBO MONTHLY. D1 TF moving averages of 44 and 200 have initiated Death cross and W1 Sma44 have moved towards 1918 from 1915. As for reminder, we are always bullish above 1918-23 and bearish below it. However as per retracement due and few economical conditions in USA can lead this retracement to a larger scale like back to 1918-23 and maybe 1953 again.
S1 HRB 1906 - S2 MRB 1896 SMC Demand Area - S3 LRB 1886
SELL> 1926 - 1946 - BUY> 1896 - 1886
FOLLOW UP
D1 On SNR Sma44/1921 Sma200/1927
W1 On support Sma44 / 1918 MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
Today 1906 is the point of impact. Those who are in buy may keep their SLs below 1896 as there is a demand area is there. Gold crossed 1915 then 1908 and now at 1903. If this 1903 got broken and we close under it till the end of this month then we may visit 1886 or even 1853 50% MACRO FIBO MONTHLY. D1 TF moving averages of 44 and 200 have initiated Death cross and W1 Sma44 have moved towards 1918 from 1915. As for reminder, we are always bullish above 1918-23 and bearish below it. However as per retracement due and few economical conditions in USA can lead this retracement to a larger scale like back to 1918-23 and maybe 1953 again.
Comment:
Demand area at 1896 vanished in H1 Now H4 creates a demand area
