wajidalikhan2123

XAU/USD INTRADAY FRIDAY 10 2022

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Fibbo H1 is indicating an upward movement and the price has made already half of it but it is likely to dis continue its upward movement as point of impact 1848-53 is containing two strong SNRs Sma200 and BB44 mid band provided 50% level is also serving as resistance. So there is a chance to test 1850-52 area at the most and a medium risk sell is also present there. On the other hand large TFs are indicating a decline as D1 and W1 candle formations are showing a bearish reversal both last three candles are a king bull then two doji so next one could be a king bear as this formation requires only one king and one doji if doji continues then more chances are there. It is advised to watch for the momentum at 0.0% level for entering as buy.

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