CFDs on Gold (US$ / OZ)Updated Gold xauusd intraday signal 26-09-23
R3 LRS 1930 SMC Supply Area - R2 MRS 1923 - R1 HRS 1916
S1 HRB 1923 - S2 MRB 1916 SMC Demand Area - S3 LRB 1908
SELL> 1930 - 1945
BUY> 1916 - 1908
FOLLOW UP
D1 On SNR Sma44/1925 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The larger time frames are on the edge of rejection or breakage. The D1 TF SNR finaly turned out in resistance but still I have some inner feelings that it will not sustain until Sma44 in W1 at 1915 is holding a support. Further the trend line in D1 also indicating a rise in the price. So we have a clear buy position at the fibo bottom as SMC is also there as demand area around 1916. A sell can still occur at 100% 1930 area as SMC supply zone is also there. Keep 1945 in consideration but not in observation as it is getting far day by day.
S1 HRB 1923 - S2 MRB 1916 SMC Demand Area - S3 LRB 1908
SELL> 1930 - 1945
BUY> 1916 - 1908
FOLLOW UP
D1 On SNR Sma44/1925 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The larger time frames are on the edge of rejection or breakage. The D1 TF SNR finaly turned out in resistance but still I have some inner feelings that it will not sustain until Sma44 in W1 at 1915 is holding a support. Further the trend line in D1 also indicating a rise in the price. So we have a clear buy position at the fibo bottom as SMC is also there as demand area around 1916. A sell can still occur at 100% 1930 area as SMC supply zone is also there. Keep 1945 in consideration but not in observation as it is getting far day by day.
Note
SMC demand area at H4 time frame. Be careful with our buys at 1915-16 area. Keep tite stop loss and do not hold negative trades with larger stop losses.Note
Prev. virtual 1908 SNR. SMC demand area appeared at this point.
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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.