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wajidalikhan2123

XAU/USD INTRADAY FRIDAY 27 MAY 2022

Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
wajidalikhan2123 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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0
trendanalysis chartpattern indicator
Point of impact 1848-53 is doing its work now serving as strong resistance. Added Fibbo H1 indicating an upward movement towards 186x but this point has strongly defended the bears. Again a medium risk sell is around this point and we might visit 1838-43 area this time, as Sma200 is near this zone. If 1838 at Sma 200 broken then next station would be 1828-33.
Comment:
POSSIBLE BULLISH TRIPLE BOTTOM If 1850 breaks and price tests 1840 it may initiate it. Activation will be from breaking again 1850 and completion may reach 1870
Comment:
Formation of Triple Bottom stands null and void
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