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XAU/USD for Intraday Thursday 08-09-22

148
WAJIDXAUUSDCHANNEL, [08-Sep-22 3:13 AM]
[Forwarded from WAJIDXAUUSDCHANNEL (Wajid Ali)]
Fibbo H1 indicating north and the momentum has also showed his face towards north. So if today D1 close above 1723 then we may begin a short term upward trend or you may say a huge retracement upto 1753. For today a MRB is located at 61.8% 1713.38 and at the most 50.0% 1709.20 as Sma44 is on 1707.39 but few hours later it will be around 1709-1713. Keep an eye on Sma44 if the price tags any of the fibbo level with Sma44, It is going to be a very good buy position. Stoch is rising in H1 H4 and D1 also. So it is better to find a buy position rather to look for a sell.
Uwaga
YOUR LIKES WILL UPGRADE MY PROFILE AT TRADING VIEW AND I WILL BE PROVIDED WITH MORE TOOLS AND DATA WHICH WILL HELP ALL OF US TO ANALYZE THE MARKET IN MORE BETTER WAY.
Uwaga
There is a HRB here at 1717-18 position but with tite SL at 1715
Uwaga
You must be thinking that if buy is at 1713 so why don't we take a sell from 1718 to 1713? Momentum is bullish and the price can take a U turn in between at any point. This is the reason to wait and pick a possible bottom (As worked). Otherwise risk is also at low risk trades but the usage of Stop Loss covers it.

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