Gold price analysis September 19
Gold has recovered in the Tokyo session and is moving towards yesterday's US session resistance around 3672. The buying pressure is not strong enough to break the resistance in the European session, so be cautious with the possibility of a deep decline in today's weekend session, towards lower support zones around 3600.
The 3645 area - corresponding to the 50% level of the H4 candle - is playing an important support role. This is also the area where buying pressure is starting to accumulate and needs to be closely observed today.
📉 Trading plan:
SELL when the price is rejected around 3671
🎯 Target: 3600
📌 Note: Watch the price reaction at the 3645 area, if there is a confirmation signal from the buyers, this could be a reversal point to look for a BUY opportunity.
source https://www.tradingview.com/chart/XAUUSD/9yC5Rjit-Gold-price-analysis-September-19/
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