CFDs on Gold (US$ / OZ)Updated Gold xauusd intraday signal 11-10-23
R3 LRS 1878 Supply Area - R2 MRS 1863 - R1 HRS 1848 SNR
S1 HRB 1848 SNR - S2 MRB 1843 Demand Area - S3 LRB 1833 Demand Area
D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903
W1 On Support Sma200 / 1814
MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848
SELL> 1963 - 1878 BUY> 1843 - 1833
OBSERVATIONS: We just entered the upper block 1853-1903. The virtual resistance at 1863 did its work to profit us. Secondly, Look how Sma44 intercepted the price and took it to our tp level. There is no change in plan, we wait for the price to test either of SMC supply or demand area. However if again Sma44 intercepted the price within Fibo levels and any other indicator signals a buy then we may enter at that support area. Remember, our working for Intraday is just to pick 50pips for instance and then take our chance on second lot for some more pips. There is no need to show positions in larger time frames today as they have remained same. There is also a high impact 3Star news today that can take the price to our targeted area. So we are not in hurry and we wait with discipline and patience to get our pennies.
S1 HRB 1848 SNR - S2 MRB 1843 Demand Area - S3 LRB 1833 Demand Area
D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903
W1 On Support Sma200 / 1814
MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848
SELL> 1963 - 1878 BUY> 1843 - 1833
OBSERVATIONS: We just entered the upper block 1853-1903. The virtual resistance at 1863 did its work to profit us. Secondly, Look how Sma44 intercepted the price and took it to our tp level. There is no change in plan, we wait for the price to test either of SMC supply or demand area. However if again Sma44 intercepted the price within Fibo levels and any other indicator signals a buy then we may enter at that support area. Remember, our working for Intraday is just to pick 50pips for instance and then take our chance on second lot for some more pips. There is no need to show positions in larger time frames today as they have remained same. There is also a high impact 3Star news today that can take the price to our targeted area. So we are not in hurry and we wait with discipline and patience to get our pennies.
Note
Possible Adma n Eve PatternNote
Adam n Even Pattern weakening but DT will support itNote
There is no such thing as 100% in forex however sma44 again supported price at 58 and it went up and now we are in our demand area with a beautiful DT. In between what was observed was shared and Adam n Eve failed to initiate and even DT failed to trigger
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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.