Analysis XAUUSD H4 8/28/2023
- XAUUSD is in an upward structure.
- A significant resistance level is noted at 1936. We will look for a sell entry if there is participation from the selling side in this area. The European session is likely to see a strong increase, while the American session will likely involve selling.
- In the case of a decrease and correction, the strong support zone is at 1888 - 1897.
- A significant resistance level is noted at 1936. We will look for a sell entry if there is participation from the selling side in this area. The European session is likely to see a strong increase, while the American session will likely involve selling.
- In the case of a decrease and correction, the strong support zone is at 1888 - 1897.