Gold xauusd Intraday Signal with analysis 25-08-23

It is FRIDAY remember. I want to review last two days of trading to give hands on experience of Discipline and Patience. We lost a trade two days back and patiently waited for the next day and did not involve in revenge trading. The Disciplined SOP saved our equity and kept us active in the market. The next day got the opportunity and finally hit the TP again. Back to business, today is Friday, a day of big changes. As we were observing the Golden Cross in H1 which is clear now. Secondly price have gone well above Major support 1903 the one at MN 38.2%. The time I am writing this price is on sma44 support in H1 however Stock and Rsi are indicating south so the buying area to me will be 1910 50.0% and 1913 38.2%. The possibilities of testing 1903 is there as today is Friday provided the hawkish speech can do the damage. Well let C what this session brings for us. A sell chance is there again at 1920-21 area as price is already at support and can lead to test 1918-23 Major SNR.

Comment:

Picked Sell 1917 SL 1919 TP 1914-11

Comment:

TP HIT FROM 1913 TO 1918

Comment:

TP HIT FROM 1917 TO 1912