Gold XAUUSD Intraday Signal for 21-08-23

It is a clear line of descending trend unless it breaks 1903 MAJOR resistance. Price has also closed under it for three days in D1 TF provided sma200 is well above it at 1906. There are two opportunities for Monday. A buy chance at 1883-85 0.0% that can make a DB for a retracement towards upper fibo levels then a good opportunity of sell at 1892 38.2% and 1894 50.0%. Keep in mind that only hurdle for the decline is W1 BB44 at 1889 where the price is also closed. Breaking or Rejecting will decide the movement for the rest of the month provided there is a Three Black Crow situation present in it. Price most probably bounce back after filling the gap of March 10-13, 2023 1867-74 and may test 1903 one more time.

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See full Vdo for details youtu.be/Ae5b9QWo_XU

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TP HIT FROM 1885 TO 1890

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TP HIT FROM 94 AND 92 TO 1887