Analysis of XAU/USD on the H1 22/9/2023
-XAU/USD has a bearish structure.
-The selling resistance zone at 1928-1930 is holding well. There are rejection signals preventing price increases in this area, so we can consider entering a short position. The potential support level is around 1917.
-In the event that the price remains above the 1930 level and closes an H1 candle above this resistance, then consider selling at 1937.
-The selling resistance zone at 1928-1930 is holding well. There are rejection signals preventing price increases in this area, so we can consider entering a short position. The potential support level is around 1917.
-In the event that the price remains above the 1930 level and closes an H1 candle above this resistance, then consider selling at 1937.