XAU Potentially Going Lower

Sep 15, 2023

After an aggressive push towards the downside, we can see that the price has bounced. However, with low buying volume and one fresh supply ahead, I see a potential for another move down for XAU. I already marked 1922.5 - 1924.5 area as one of a good potential entry for sell position, with a stop loss tightly placed at 1926 or 1926.5. As usual, always do your own research, and this is not a financial advice.