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FX.co ★ XAUUSD H4 | Bearish Continuation Expected?

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Forex Analysis:::2023-09-22T03:47:07

XAUUSD H4 | Bearish Continuation Expected?

XAUUSD H4 | Bearish Continuation Expected?

The XAU/USD chart has a bearish trend with a chance for a short-term rise to the 1st resistance at 1928.26 before potentially falling to the 1st support at 1915.81. Key levels include 1st and 2nd supports at 1915.81 and 1901.57, both overlap supports, and 1st and 2nd resistances at 1928.26 and 1937.84, with the former aligned with the 50% Fibonacci Retracement.

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