XAU/USD INTRADAY WEDNESDAY 18 MAY 2022

Combined with last session analysis, price still can bounce back from 1812-15 now taking 50% fibbo level at suport. This bounce may lead to test 1818-23 at 23.65 level first and then 183x at 0.0% which seems very difficult to reach. As fibbo H1 indicates a decline towards 1787 where fibbo H1 100% level is still on charge. The only hurdle between this is BB44 lower band at 1797 area. 1797 being a good and strong SNR in the past.

註釋

As the price is in between. I will wait for a good top or bottom according to fibbo H1 reading to decide an entry. It is not advisable to jump in before reaching at one corner.