Gold XAUUSD Intraday Signal 18-08-23

18 août 2023

OOOooopppsss! We did it again. Two TP hits on both sides. Alhamd o Lillah! Well, as D1 TF has closed under 1903 for the second consecutive day, I am not looking for a buy at 0.0% level of 1884. The more D1 TF keeps closing under 1903 MACRO 38.2% the more we get confirmation for the next station 1853 MACRO 50.0%. So, for tomorrow as it is also FRIDAY (Most of the waterfalls have happened here) I will take two lots between 1893 38.2% and 1896 50.0% provided sma44 intercepts the price in this range. Ok now, I will TP one lot at 50pips as usual and will keep the other lot at BE position for a chance to TP it at 1853. There is also a chance that price could not make to this range and makes a U turn from 23.6% 1890 area and falls again. But following my SOP ( Not to chase the price and only enter if it gets to my targeted area) I will wait. It is better to leave few pips rather to loose many. Take care.

18 août 2023

Note

BE HIT. NO PROFIT NO LOSS. I AM OUT NOW

18 août 2023

Note

Picked 1895