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Gold Spot / U.S. Dollar

XAU/USD for Intraday Thursday 20-10-22

337
Fibbo H1 indicating north and the price is also at 0% 1627.70 so for the sake of retracement I see two sell points at 23.6% 1635.52 (MRS) and 38.2% 1640.36 (LRS). However buying is not advisable even price action is indicating a retracement but a U turn can happen at any time any moment. When the trend is clearly showing bearish then finding a sell position is better than to enter into a HRB.
wajidalikhan2123
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Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
wajidalikhan2123
Also on:

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.