XAU/USD INTRADAY THURSSDAY 19 MAY 2022
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.
Kommentar:
Wait and stalk the price action. simply decide your entry point when price reach 1803-08 0.0% area or 100% 1833-38 area level of fibbo H1. At these points there are 66% chances of price to reverse for a retracement. See the momentum at these points and find an entry near them.