XAUUSD Fibo retracament 38,2; 23,6; 0,5
23,6% we have the main resistance
38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it.
If 0,5 is crossed this have a big probability of being the next resistance.
We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again
Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it.
If 0,5 is crossed this have a big probability of being the next resistance.
We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again
Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
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