XAU/USD INTRADAY WEDNESDAY JUN 22 2022

So as for now fibbo H1 again looking at north but this time station has decreased from 1856 to 1846. Subsequently reducing the chances of bounce back as price has penetrated 1828-33 zone. This time MRS is around 1833-38 with a SL 1844.50 just above immediate prev high 1843.57. Same position after this entry no matter get he SL or TP at 50 pips. I w ill wait again for the price to show up the top 1846 for sell and bottom 1818-23 for buy.

Comment:

While testifying before the Senate Banking, Housing, & Urban Affairs Committee on Wednesday, FOMC Chairman Jerome Powell said that ongoing interest rate increases will be appropriate.

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