XAU/USD for Intraday Thursday 20-10-22

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Fibbo H1 indicating north and the price is also at 0% 1627.70 so for the sake of retracement I see two sell points at 23.6% 1635.52 (MRS) and 38.2% 1640.36 (LRS). However buying is not advisable even price action is indicating a retracement but a U turn can happen at any time any moment. When the trend is clearly showing bearish then finding a sell position is better than to enter into a HRB.

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