XAU/USD for Intraday Tuesday 13-09-22

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Fibo H1 indicating south but if we notice price is gaining ground towards up on each day making HH and LH since it tagged the bottom 1693.77 on Sep 07, 2022. However the channel being created in most TFs indicating a sudden drop (not dip) at any time. So be careful this week and always enter by BE technique. Now price is facing resistance by 50.0% 1721.81 and Sma44 1722.12 this SNR can pull or push the price towards 1708 or 1735. There are HRS/HRB on either side of this SNR. It is better waiting for the price to take fully one side and on retracement catch the tail.

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ملاحظة

" TFs indicating a sudden drop (not dip) at any time "

See it happened today