wajidalikhan2123

INTRADAY 08-08-23 H1 TIME FRAME

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
The fibbo remains the same a low and high of two days remains the same. Trend is sown so look for a resistance to enter for sell. The greay area is still high risk entry area. Wait for sma44 to allign with 50% level to make an SNR for MRS. Today is more of waiting and observing as we are in the middle of the range. I will try to enter a sell at 0% level 1944-47 where sma200 is declining towards it. That willl be the LRS for the day.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.