XAU/USD INTRADAY FRIDAY 27 MAY 2022

Point of impact 1848-53 is doing its work now serving as strong resistance. Added Fibbo H1 indicating an upward movement towards 186x but this point has strongly defended the bears. Again a medium risk sell is around this point and we might visit 1838-43 area this time, as Sma200 is near this zone. If 1838 at Sma 200 broken then next station would be 1828-33.

Yorum:

POSSIBLE BULLISH TRIPLE BOTTOM If 1850 breaks and price tests 1840 it may initiate it. Activation will be from breaking again 1850 and completion may reach 1870

Yorum:

Formation of Triple Bottom stands null and void