XAUUSD 27/09/2022

27 Sep 2022

Price after a retest on the supply zone & also 0.786 fib level, showing signs of price rejection while also facing recent support at 1631.91. Now if price without making a breakout of the supply zone, it makes a break & close below the recent support, then price might continue to push down to retest the previous low at 1621.36 or create new lower low in respect to the newly formed downtrendline.