XAUUSD

18 apr 2023

Gold violated the previous low-marked X, the efficiency of the pullback could be considerable because of the continuous internal LL and HH on the lower time frame. I expect a push into the 0.80 retracements of my Fibonacci which aligns with the supply level or POI. I could be a seller if, I see a clear distribution on the lower time frame. Ratio 1:4 risking 10pips, target 40pips.