XAUUSD_28.09.2023_Potential Price Reversal
XAUUSD
1. If we see in daily timeframe, currently price in support area.
2. In daily timeframe, price looks to develop triangle pattern.
3. In H-4 timeframe, price in fibonacci retracement 161.8
Previously, prices had decreased quite significantly, so with 3 points above we can wait and look for a position to make a good purchase.
Notes:
*) This is a personal analysis, please adjust it to the existing conditions.
*) nThis is not a buy/sell recommendation. This is just my personal analysis.
*) Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
*) I'm still in the learning process, let's learn together :)
Thank you
1. If we see in daily timeframe, currently price in support area.
2. In daily timeframe, price looks to develop triangle pattern.
3. In H-4 timeframe, price in fibonacci retracement 161.8
Previously, prices had decreased quite significantly, so with 3 points above we can wait and look for a position to make a good purchase.
Notes:
*) This is a personal analysis, please adjust it to the existing conditions.
*) nThis is not a buy/sell recommendation. This is just my personal analysis.
*) Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
*) I'm still in the learning process, let's learn together :)
Thank you