Review Technical Analysis XAUUSD NASDAQ 04/10/2023
Trend: Downtrend
Currently the market is continuing its Downtrend movement after Rejection at the Secondary Reaction at Level 15059.45, the current potential is still to continue Downside to Fibonacci Support (127.2) 14458.02, however there is potential to retest Fibonacci Resistance (50.0) 14823.04
Pivot : 14798
Fibonacci Resistance: 14823.04
SbR : 14840.99
RbS : 14622.49
Fibonacci Support: 14458.02
Recommendations:
Sell Entry as long as it is below Resistance 14823.04 towards Support 14458.02
Alternatives:
Entry Buy if Impulsive Breakout above Resistance 14823.04 to the Next Resistance Level 15029.84
Currently the market is continuing its Downtrend movement after Rejection at the Secondary Reaction at Level 15059.45, the current potential is still to continue Downside to Fibonacci Support (127.2) 14458.02, however there is potential to retest Fibonacci Resistance (50.0) 14823.04
Pivot : 14798
Fibonacci Resistance: 14823.04
SbR : 14840.99
RbS : 14622.49
Fibonacci Support: 14458.02
Recommendations:
Sell Entry as long as it is below Resistance 14823.04 towards Support 14458.02
Alternatives:
Entry Buy if Impulsive Breakout above Resistance 14823.04 to the Next Resistance Level 15029.84