XAUUSD H1 Analysis on 18/9/2023
- XAUUSD is in an uptrend, and we can look for a buying opportunity when it retraces to the support level at 1920.
- If buying at 1927, the entry price is relatively high, and there is significant risk involved. Therefore, it may be more reasonable to find a suitable selling point when the price tests the liquidity area at 1934.
- If there is a reversal signal with selling pressure, we can consider selling. Without any selling participation, there is a possibility that the price will move up to a new resistance level around 194x.
- If buying at 1927, the entry price is relatively high, and there is significant risk involved. Therefore, it may be more reasonable to find a suitable selling point when the price tests the liquidity area at 1934.
- If there is a reversal signal with selling pressure, we can consider selling. Without any selling participation, there is a possibility that the price will move up to a new resistance level around 194x.
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