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XAUUSD 20 Sep 2023

XAUUSD 20 Sep 2023 on H4 timeframe. It can be seen that this commodity is still trying to be penetrated past the Resistance line, but it has not succeeded and returned to bearish yesterday. Being between the 50.0 to 61.8 Fibo level, this gold is trying to re-initiate the bullish trend to rise again. When referring to the stochastic indicator, it seems that there has been oversold in the previous session which allows the bullish trend to continue. Therefore go-long can be an option for traders. Keep an eye on market changes and movements before making trading decisions.

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