Gold Spot / U.S. DollarUpdated XAU/USD INTRADAY MONDAY 30 MAY 2022
HRS 1853 MRS 1858 LRS 1863
HRB 1848 MRB 1843 LRB 1838
Fibbo H1 indicates a decline towards 1838-43 100% level. All Stoch indicators H1 H4 D1 is on sell signal. All candles of H1 H4 D1 are indicating a decline. However only one thing is a hurdle that price is continuously closing above 1848-53 (Point of Impact). So for the entry purpose I will wait for price to test 0.0% 1858-63 or 100% 1838-43 of fibbo H1 level and on retracement will try to pick an order.
HRB 1848 MRB 1843 LRB 1838
Fibbo H1 indicates a decline towards 1838-43 100% level. All Stoch indicators H1 H4 D1 is on sell signal. All candles of H1 H4 D1 are indicating a decline. However only one thing is a hurdle that price is continuously closing above 1848-53 (Point of Impact). So for the entry purpose I will wait for price to test 0.0% 1858-63 or 100% 1838-43 of fibbo H1 level and on retracement will try to pick an order.
Note
Possible HnS in 15min TF. Activation after breaking 55-56 may lead to test 1838-43Note
Today's Fibbo H1 23.6 is rite at 1856. Quiet hard to break but there is a possibility
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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.