XAU/USD INTRADAY MONDAY 30 MAY 2022
HRS 1853 MRS 1858 LRS 1863
HRB 1848 MRB 1843 LRB 1838
Fibbo H1 indicates a decline towards 1838-43 100% level. All Stoch indicators H1 H4 D1 is on sell signal. All candles of H1 H4 D1 are indicating a decline. However only one thing is a hurdle that price is continuously closing above 1848-53 (Point of Impact). So for the entry purpose I will wait for price to test 0.0% 1858-63 or 100% 1838-43 of fibbo H1 level and on retracement will try to pick an order.
HRB 1848 MRB 1843 LRB 1838
Fibbo H1 indicates a decline towards 1838-43 100% level. All Stoch indicators H1 H4 D1 is on sell signal. All candles of H1 H4 D1 are indicating a decline. However only one thing is a hurdle that price is continuously closing above 1848-53 (Point of Impact). So for the entry purpose I will wait for price to test 0.0% 1858-63 or 100% 1838-43 of fibbo H1 level and on retracement will try to pick an order.
Comment:
Possible HnS in 15min TF. Activation after breaking 55-56 may lead to test 1838-43
Comment:
Today's Fibbo H1 23.6 is rite at 1856. Quiet hard to break but there is a possibility