rhf_fx

Gold Analysis 27/09/2020

FX:XAUUSD   Gold Spot / U.S. Dollar
Could be a good opportunity if there is enough volume in Asian tonight, we have formed a resistance on the 1h tf, a solid break and formation of support could give a good chance for longs up to 1872-74, the next resistance. However if we get a break of support below 1858.75, we could see gold potentially retesting daily support as there is a clean wick to fill, providing resistance is formed around the broken support. I will be spectating unless an opportunity arises as it is the first day of the week and also Asian session.

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