Gold Spot / U.S. DollarUpdated Gold xauusd signal intraday 21-09-23
R3 LRS 1944 - R2 MRS 1938 - R1 HRS 1932
S1 HRB 1933 - S2 MRB 1927 (SMC Demand Area) - S3 LRB 1921 (Sma200)
SELL> 1938 – 1944 – 1950
BUY> 1914 -- 1921 – 1927
FOLLOW UP
D1 On support Sma44/1926 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
Bull flag in D1 TF forming provided the long wick on head is awaited to be filled. You can call it liquidity grab, imbalance etc etc. But Gold will test 1953 one more time. Another long wick on the head pierced the descending trend line of W1 TF and the price will go for it. Although it will be difficult to carry on above it. Yes this time three entry points as the range will be widening. Good luck. There is more to listen.....
S1 HRB 1933 - S2 MRB 1927 (SMC Demand Area) - S3 LRB 1921 (Sma200)
SELL> 1938 – 1944 – 1950
BUY> 1914 -- 1921 – 1927
FOLLOW UP
D1 On support Sma44/1926 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
Bull flag in D1 TF forming provided the long wick on head is awaited to be filled. You can call it liquidity grab, imbalance etc etc. But Gold will test 1953 one more time. Another long wick on the head pierced the descending trend line of W1 TF and the price will go for it. Although it will be difficult to carry on above it. Yes this time three entry points as the range will be widening. Good luck. There is more to listen.....
Note
SMC appeared for supply zoneNote
SMC appeared for supply area. Now Demand area becomes supply area.
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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.