XAU/USD for Intraday Monday 19-09-22

335
Fibbo H1 indicating north and Sma44 at 1673.44 is at support but 50% 1676.14 is on resistance. Now there is a HRB at 1675 but for more confirmation let the price cross 61.8% 1681.44 and at least one sell candle should be rejected by this support then a MRB is more likely to happen. On the other hand if the price gets a resistance from 50% 1676.14 and crosses Sma44 1673.44 and 38.2% 1670.94. Then a buy candle should be rejected by this resistance for MRS. For low risk entries we should wait for the price to tag 100% 1698.19 and gets rejected for sell an same price at 0% 1654.09 and gets rejected for buy.

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.