wajidalikhan2123

XAU/USD INTRADAY TUESDAY 21 2022

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
A jump from fibbo H1 1833 is possible towards 1843. As price is near 0% level of fibbo and and the indicator is aiming north. However there are several strong resistances that can limit the movement towards 100% level at 1856. Fibbo 38.6% and 50.0% levels themselves plus they are containing Sma200 and BB44 mid band too. A medium risk sell is within 1838-43 zone with a SL of under 61.8% level at 1846. Because if the price breaks these levels and mentioned above other resistances, then testing 1856 is more likely to happen. Similarly if the price continues its decline and breaks 1828-33 zone then next station will be 1818-23. I do not stay in the market for long and just pick 30-50 pips and exit. So if my first sell entry at 1838-43 gives me profit or loss, I will wait for the max top 1853-58 for sell or max bottom 1818-23 for buy to enter again.

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