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FX.co ★ XAUUSD H4 | Potential bullish reversal?

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Forex Analysis:::2023-09-26T05:33:13

XAUUSD H4 | Potential bullish reversal?

XAUUSD H4 | Potential bullish reversal?

The XAUUSD chart shows a bullish trend. The price might bounce from the 1st support at 1913.49 towards the 1st resistance at 1928.65, both being overlap levels. A deeper drop might find strong support at 1900.00 due to its overlap and Fibonacci indicators. If the price rises, the 2nd resistance at 1937.42, a pullback resistance, could challenge further bullish momentum.

Analyst InstaForex
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