XAU/USD for Intraday Wednesday 06 Jul 2022

Fibbo H1 indicating north but as on major grounds price has lost bullish momentum provided The Great Wall 1778-83 will be serving as resistance. To test the wall price needs a spring jump from 1753 or maybe 1723. These two positions are also last hope for the bulls or else we will be visiting MACRO FIBBO 100% LEVEL AT 1673. For today it is advisable to find a sell position near the wall and keeping SL above the wall. This entry is a MRS. A MRB situation may happen around 1748-53 area.