XAUUSD Technical Analysis 18.09.2023 1h chart
– Previous Weekly candle closed weak Bullish around 1923.800 forming weak Weekly Support around 1919.200, Friday Daily candle closed strong Bullish around 1923.900 above recent Daily Resistance formed on 12th September 2023.
– Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around 1938.800.
– Sells on close below 1922.000 targeting 4h Support formed around 1917.000, Leaving Runners to the 4h previous Resistance formed on 14th September 2023 around 1913.000.
– There is a good probability for price to retest the Weekly Resistance formed on 4h September 2023 around 1940s as the previous Weekly candle rejected the downside.
– Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around 1938.800.
– Sells on close below 1922.000 targeting 4h Support formed around 1917.000, Leaving Runners to the 4h previous Resistance formed on 14th September 2023 around 1913.000.
– There is a good probability for price to retest the Weekly Resistance formed on 4h September 2023 around 1940s as the previous Weekly candle rejected the downside.