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XAU/USD for Intraday Monday 03-10-22

355
All the big green news about US economy for the whole week can not put gold down instead it flies high. This is for one more time proved that Gold is not dependent on any element. When it moves it destroys all fundamental and technical work. So we should always use proper money management and induct mandatory Stop loss in our entries. And when these kind of surprise moves are on, we should not trade for the day.

Now, Fibbo H1 still indicating south but there are so many supports under the price waiting to intercept it. Sma44 at 1659.65 50% at 1658.42 and the most strongest Smaa200 at 1653.68 combined with 61.8% at 1654.42. So if the price wants to tag 100% at 1641.46 it should move down straight from the first hour and if hover around between 1653 and 1663 then there are more chances of testing 1675 or maybe 1680 this time. For the sake of entry find a buy position above 1663 and a sell one under 1653.
Nota
syot kilat

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