Gold Spot / U.S. DollarUpdated XAU/USD for Intraday Tuesday 06-12-22
It is being a long time since my last analysis about the DT in D1. It has taken the resistance from Sma200 and now started its journey towards the neckline 1729. I didn't post meanwhile as the market was so un certain to pick an entry on Intraday basis. However we have been picking very choosy trades at the group. What I see is on larger TFs like D1 Sma200 W1 Sma44 and MN Macro Fibbo 38.2% all have served well as resistance and made the price to come back quickly under the 1753-83 zone again. Now for Intraday there is a possible sell location under 0% level 1765.82 or or a HRS at 23.6% 1776.38 If the entry fails here then we should again wait for the price to break The Wall 1778-83 to look for a buy entry.
Note
Note
Good Bear Flag ?Note
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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.