Get started
wajidalikhan2123

XAU/USD for Intraday Monday 29-08-22

Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
wajidalikhan2123 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
7
0
trendanalysis chartpattern indicator
Fibbo H1 indicating north and the momentum is bearish. So for the entry purpose wait for the price to get over 23.6% 1741.65 and enter as buy and on the other hand if the price decline then wait to cross and break 0.0% 1734.30 to enter as sell. between these two ranges do not attempt to enter as price can take any direction in between.
Comment:
This is a cricital zone 1718-23. Back test yourself in W1 TF and see how price action went here in past. Do not hurry in buying or selling here. We have just entered it. Morning analysis gave already 100 pips who ever have followed and I think it is enough for waiting and enjoying. Let the D1 close first. Trading is not like clicking buttons on every move trying to catch a fish with bare hands. PATIENCE AND DISCIPLINE WILL SUCCED ALWAYS.
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.