Gold Spot / U.S. DollarUpdated XAU/USD INTRADAY TUESDAY 24 MAY 2022
Holding under 183x-185x did the job. Retracement done. Gold is at a very new start, forget the past and prepare for a new movement. Fibbo H1 indicating at 100% level 1828-33 zone. Only main support is at 1848-53 (Point of Impact) breaking this will test that level 100%. For another jump towards MACRO FIBBO 50% 1870, it needs spring press around 1818-23.
Note
This combination of three candles that is bear doji bull leads to price reversal but look the fourth candle failed the pattern. Look at the fourth candle doji/shooting star/evening star indicates that beats are dominant at the moment
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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.