Market Analysis of XAUUSD on 25 Sep 23

2023-09-25 12:59Fonte:BtcDana

TECHNICAL ANALYSIS 

On the daily chart, we can see that Gold converging and squeezing the price the breakout towards the direction will choose the bias of the overall trend. talking about the liquidity on the daily timeframe the internal liquidity at the 1904.26 is there. as the price converges the price will set its trend on the fundamental analysis of the market. On the 4-hour chart, the price was rejected from the support and resistance flip of 1928.951. On the 1-hour chart, the supply zone was aligning it self with the support and resistance flip and also the price on 1 hr can also react from the 1 hour demand zone which is present at 1921.160. Right now the direction cannot be predicted but the NY session will definitely sweep some liquidity built in the asian session and london session. On the basis of 1 hour chart the price is overall bearish as price got rejected from the 1947 supply zone and had a good rejection and also had a change of character breaking a higher low. 

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