xauusd technical analysis on dated 27-9-2022



Looking at the chart the price has broken down through the range lows around $1677.00. A consolidation pattern formed under this level causing the price to fall again to a minor support at $1626.00. If the xauusd price is going to continue lower we would expect to see some lower lows and lower highs form. We found the following element on gold analysis by today-


  • Daily signals are mildly bullish
  • A sequence of intraday higher highs and lows has been posted
  • This is positive for sentiment and the uptrend has potential to return
  • A weaker opening is expected to challenge bullish resolve
  • Preferred trade is to buy on dips


Recommendations: Buy/Buy limit @ 1626      TP/Target: 1680