INTRADAY FOR GOLD 09-08-23
WEDNESDAY 09-08-23, INTRADAY H1 TIME FRAME SETUP
Trend is still down, so look for a resistance to enter for sell, as price has touched previous 100% level so we must be ready for the RETRACEMENT DUE also. The arrowed road map is indication a DB and if it happens then there is a HRB at 1921-23 area at 0.0% level that may lead the price to visit 23.6% 1928 ro 38.2% 1931. Sma44 i declining towards these levels also and if it meets any of these levels and the price comes there, then it will be the point of impact for the day. I will take a sell at this point between 1931-35 depending on the meeting point of fibo levels and sma44.
Trend is still down, so look for a resistance to enter for sell, as price has touched previous 100% level so we must be ready for the RETRACEMENT DUE also. The arrowed road map is indication a DB and if it happens then there is a HRB at 1921-23 area at 0.0% level that may lead the price to visit 23.6% 1928 ro 38.2% 1931. Sma44 i declining towards these levels also and if it meets any of these levels and the price comes there, then it will be the point of impact for the day. I will take a sell at this point between 1931-35 depending on the meeting point of fibo levels and sma44.
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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.