wajidalikhan2123

wajidalikhan2123 Updated 

A possible HnS spoted in H4 TF. Activation 48-53 Destination 28-33. As they have set our minds for buying trend this could be U turn to eat SLs. We should not seek one direction and I am not saying that it will decline for sure but we should keep all things in mind.

wajidalikhan2123 Updated 

Holding under 183x-185x did the job. Retracement done. Gold is at a very new start, forget the past and prepare for a new movement. Fibbo H1 indicating at 100% level 1828-33 zone. Only main support is at 1848-53 (Point of Impact) breaking this will test that level 100%. For another jump towards MACRO FIBBO 50% 1870, it needs spring press around 1818-23.

wajidalikhan2123 Updated 

According to technical. There are two scenarios that can take place on Monday 23, 2022. As the chart is self explanatory I don't think any explanation is required. H1 TF is under formation of Triple Top or Inverse Head and Shoulder. So keep an eye on price movement do not hurry in entering the market on a sudden move. However Fibbo H1 indicating a decline towards...

wajidalikhan2123 Updated 

Price is now in the zone 183x and 185x as mentioned before that is needs to stay and hold between this to carry on for an upward movement. However fbbo H1 indicates a decline towards 1808-13 also. Therefore I suggest a medium risk sell from 1848-53 area and low risk sell 1858-63. 1838-43 is a high risk sell at the moment.

wajidalikhan2123 Updated 

Okay Gold being ranging on the edge of being bullish or bearish in a moment. Today's Fibbo H1 indicates an upward movement at 1836 on 100% but in between it needs to cross and hold above 1818-23 on 38.2% level. Entering in between is strictly not advisable as I see breaking either side by a speedy candle. Let it rest at any of the corner then decide your entry.

wajidalikhan2123 Updated 

Combined with last session analysis, price still can bounce back from 1812-15 now taking 50% fibbo level at suport. This bounce may lead to test 1818-23 at 23.65 level first and then 183x at 0.0% which seems very difficult to reach. As fibbo H1 indicates a decline towards 1787 where fibbo H1 100% level is still on charge. The only hurdle between this is BB44 lower...

wajidalikhan2123 Updated 

Fibbo H1 100% level is on resistance combined with BB44 upper band at 1828-33 area. Therefore a high risk sell can be obtained at this point. A drop towards 1812-15 is likely to happen first as 61.8% fibbo level and BB44 mid band is serving as support. If it brakes then we might visit 1797-93 former SNRs. On the other hand price may bounce back from 61.8% level...

wajidalikhan2123

It is very obvious that retracement is always due and in support of this stance, fibbo h1 is indicating test zone of 183x fibbo 50% and 185x fibbo 100%. It gets more confirm if this double bottom forming gets activated at fibbo 0% 1798-1803 zone. To reverse the price action from bearish to bullish, the price must start closing in D1 TF in the zone 183x-185x. This...

wajidalikhan2123 Updated 

Well, as already mentioned Thu and Fri will be decisive as all TF are on junction to decide a way point. So be very care full in choosing an entry even last hour of session can make an up set. For fibbo H1 Fri 13 as usual retracement is due but I see it limited to 183x at 23.6 and 38.2 Those who are in buys including me will get one chance to BE TP or close near...

wajidalikhan2123 Updated 

As the price is in the middle 1850 50% the fibbo h1, it is not advisable to take any entry before 1833 0% or 1863 100% level.

wajidalikhan2123 Updated 

As of Fibbo H1 again indicating an upward movement and retracement is again due but rest of the higer TF are all in sell indication. A medium risk buy can be taken from 1833-38 area with 100 pip SL and 50/100 pip TP. I see price testing at least 1847 on 23.6 fibbo.

wajidalikhan2123 Updated 

HRB a high risk buy at 1853 as price is rite at bottom of fibbo H1 0.0%

wajidalikhan2123 Updated 

China will release the April international trade figures on Monday. In case the data shows the negative impact of the coronavirus-related restrictions on the trade balance, the negative shift in risk sentiment could help the dollar find demand and cause XAU/USD to start the new week on the back foot. So the price is also rite in the middle of Fibbo H1. I will...