XAUUSD Weekly Forex Forecast 30 September to 6th October
Midterm forecast:
1214.25 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1214.25 is broken.
Technical analysis:
While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
1214.25 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1214.25 is broken.
Technical analysis:
While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
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