Gold xauusd Intraday Signal 12-09-23
Please do not get bored from the review I gave for our last trade session. It is a learning process for all of us to review and revise our achievements and mistakes. Well, Monday blues turned out to be a happy day, my previous sell entry and sell at 1920 got BE hit respectively but buy at 1917 gave the TP. Later on our group decide to jump in on a confirm rejection at 1929 and we took 1928 and 1923 sells. I have TP my 1928 sell first lot and again second is on BE. However 1923 is still open. D1 Sma200 defended well for the fourth day and kept the price above 1918 and now it is serving at 1919. However the upper side long wicks made are a sign of selling pressure. W1 and MN TFs are still near their respective supports. Fellows must be wondering why I am so much observing larger time frames because all of the work plan is being done on H1 TF for Intraday. Here is the answer, when larger TFs are near to their SNRs, a possible reversal or retracement could happen and it helps a lot to decide more confirmed entries secondly it also help to decide TP for the second lot we take. For example D1 support is falling between our well tested ranged SNR 1918-23. Ok for Tuesday session, a sell chance is at 50.0%/1923.60 where Sma44 is also aligned. For a buy opportunity we still have 100.0%/1916.51 and the D1 support 1919. Also SMC demand/buy range falls in between. So the work plan is to place PO at 1823 for sell and 1918 for a buy but on rejection from 100.0%/1916.51 level. Due to down trend in H1 a confirmed rejection is required to pick a buy entry.
Comment:
Not buying at 1918. Happy with my 1923 and 1928 sell second lot. Yes taken tp at 1919 from 1923 first lot.
Comment:
TAKEN TP 23 TO 13. 28 STILL INTACT
www.tradingview.com/chart/3iT9yYIO/