XAU/USD for Intraday Tuesday 18-10-22
WAJIDXAUUSDCHANNEL, [18-Oct-22 1:32 AM]
[Forwarded from WAJIDXAUUSDCHANNEL (Wajid Ali)]
Fibbo H1 indicating north but the price is under a nest of SNRs from 23.6% 1647.60 to 61.8% 1659.64. So it is better to wait for it get on 0% 164.16 and then decide an entry on rejection or breaking of this support. Similarly on the upper side if the price moves towards 100% 1671.68 do the same thing wait for the resistance to be rejected or break and then enter the market.
[Forwarded from WAJIDXAUUSDCHANNEL (Wajid Ali)]
Fibbo H1 indicating north but the price is under a nest of SNRs from 23.6% 1647.60 to 61.8% 1659.64. So it is better to wait for it get on 0% 164.16 and then decide an entry on rejection or breaking of this support. Similarly on the upper side if the price moves towards 100% 1671.68 do the same thing wait for the resistance to be rejected or break and then enter the market.
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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.