XAU/USD 1HR Fibonacci Retrace update
We can see as analyzed earlier, price slowly rejecting slowly rejecting our 50 Fibonacci level, still keeping the structure of the market.
So i'll be waiting for a moving average crossover plus a break of structure on the 15minute timeframe (a lower high), selling it down to the next support having my stop loss at the previous high.
But still, the market can do anything, so let's just watch price play out
So i'll be waiting for a moving average crossover plus a break of structure on the 15minute timeframe (a lower high), selling it down to the next support having my stop loss at the previous high.
But still, the market can do anything, so let's just watch price play out