Gold Spot / U.S. DollarUpdated XAU/USD for Intraday Friday 28-10-22
Fibbo H1 Chart is self explanatory. But remember today is Friday and the Sharks needs a good top to dive deep after GDP came so good for dollar.
Note
After making a top from 23.6% Now look at the situation. 1650 has H4 Sma44, H1 Sma200 Fiboo H1 level 100%. What do you think? Doesn't it make sense to enter as buy here? MRBNote
The heaviness and the momentum of the candles says we go more down breaking 1650 support. So take extreme cautions if entering a buy at this point. Keep a tite SL of only 30 pips if a buy is taken
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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.