XAU/USD for Intraday Monday 24-10-22

Fiboo H1 indicating south but the D1 have just closed above 1653. If you remember above 53 bullish and below it is bearish. So we can not ignore Gold moving more towards north. If 1663 broken and came support then next station will be 1683. Even if 1663 rejects sell should not be entered at first time. It may get support from Sma200 at 1652 or 23.6% 1648 and come back to test 0% 1657 making a DB to decline towards 50% 1637. So wait and watch for the rejections and observe Sma200 combining with any Fiboo level to make a strong SNR for entry and same for Sma44 to combine with fibbo level to make a good SNR for entry. As this being only one day above 1653 price may dip again and come back under it. Be patient and the more you observe the more good entry you will find for Monday trading. We are still bearish in H1 H4 and D1 but W1 has made its DB and the last candle closed is also bullish. MN is just 130pips behind MACRO 100% 1670 and if it sits above before month ending then 1700 is next station.