XAU/USD for Intraday Monday 25-09-22

Gold has crossed (Not Broken ) MACRO FIBBO MN TF 100% 1670 and the rest of the large (W1-D1) TFs are aligned south with it. However smaller time frames are showing some bullish movements but the formations are also indicating south. Secondly for the sake of retracement and fibbo H1 indicating north, there is a possible movement towards 23.6% 1650.34 and we have our first selling position MRS at there. Second strong resistance is between 38.2 1656.94 and 50% 1662.27 if combined with Sma44 at 1662.17. Keep observing the movement of Sma44 as the session starts and the price tags any of the fibbo levels just mentioned above with Sma44, we have a very good selling position LRS. On the other hand if any global situation makes Gold to move north then we should wait for the price to get 50% 1662.27 at support and off course Sma44 with it, to go for a buy entry MRB. A LRS buy is also present at 0% 1639.68 but the price should be rejected by H1 candles as bullish closed.

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My one cent in dxy for Intraday look the H1 candles " A DOJI SUPPORTED BY KING BEAR CANDLE " is a clear sign of price moving north

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