1209 XAUUSD could try to break 1900 soon?

2023年9月12日

Hello traders,

Before going to more details on Tuesday 4H chart, should get a review on the weekly outlook of this week for gold.

Gold is bearish still on weekly as long as no strong momentum to push it up to break the weekly downtrend line.

Alone with the big pic, it is easy to understand that GOLD finished a ABC wave on Monday WHICH now can be considered as double head on this 4H chart.

Down bottom, we are targeting 1900 and lower to retest recent low 1885-1890.

GOOD LUCK ON THIS PLAN.
LESS IS MORE!

2023年9月12日

註釋

1900 is so close.

2023年9月13日

註釋

Should check in the Asia next half session to see how close gold can reach to 1900.
It could slowly move down there without strong momentums to reverse the trend.