XAU/USD for Intraday Monday 21-11-22

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Although fibbo H1 is indicating north large time frames are indicating south. There are several strong SNRs are building up for Monday like Sma44 1760.98 38.2% 1757.99 meeting of these two will make a strong resistance and Sma200 1748.95 0% 1747.37 already at strong support. Observe a rejection or break at these two levels to find a good entry point.

Comment:

Personally I will look for a sell chance because HnS has been created in H4 TF and now can activate at any time if price keeps under 1753

Comment:

I see 38.2% 1757.99 as a battle field. By the time price price approaches here, Sma44 will be there also to make the strongest SNR for the day. Rite now Sma44 is at 1760.98 and price is at 1750.87 ended the week with a bullish candle in H1 TF. I have planned to buy as soon as market opens keeping SL at 1747 and try to BE it at 1753. If the price gets to my target area I will TP it and will seek for a sell around 1758-63

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