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Golden-Fund-Forex

Analysis of XAUUSD on the H4 timeframe on September 13, 2023:

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Golden-Fund-Forex  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Harmonic Patterns Wave Analysis XAUUSD Gold
4
0
trendanalysis harmonicpatterns waveanalysis xauusd gold

-XAUUSD is currently in a downtrend.
-A strong buying support area is identified at 1897. If we see a rejection signal at this price level, it could be a good opportunity to consider a long position with a target around 1910.
-At the moment, it is advisable to focus on selling opportunities and avoid buying at levels around 19xx.
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