Gold xauusd Intraday technical signal 28-08-23
On Friday! Just tried an entry out of context and look the SL hits. It was a very low size entry of 0.01 ($2 loss only) but a lesson is learned that what you have worked out hard and planned, just stay with it. Second hands on experience, never chase the price. If the price comes to your targeted area then make your move otherwise wait for the whole day or even close the session without any entry. However later price came exactly to our targeted area and look we picked two TPs from 1913 to 1918 and then from 1920 to 1915. Now for the Monday Blues! Price action often keeps calm and moves in a range. A DB situation can happen as you can see how last six H1 candles got squeeze step by step and the last one closed as doji with a bullish one before it. It is a sign of price reversal as a retracement. So there are two chances of entries first sell at 1915 where 61.8% and sma44 are aligned. Second buy between 1905-1906 on return from 0.0% level 1904 confirming initial trigger of DB.
Comment:
TP HIT FROM 1924 TO 1919
WILL TRY LAST ENTRY FOR TODAY AT 1922-23 IN SELL