10/09/2023
XAUUSD
• Price closed at 1919.099
DAILY VIEW
• price is following a descending channel from 2070, 1987 and 1953 as the trendline resistance levels
• Price might continue dumping in this channel.
4HOUR VIEW
• Price is also following a descending channel on this view.
• Trendline resistance levels at 1953, 1929.
• The trendline support at 1915.
PRICE EXPECTATION
• price might continue dumping with the next possible support at 1905.
• Price might retest 1924/25 before dumping which might find a support at 1900.
I am bearish long term on Gold.