Analysis of XAUUSD H1 Chart on 11/9/2023
-XAUUSD is currently testing the resistance level at 1929.
If any H1 candle closes above the level of 1929 --> the next price target is 1935 - 1939.
-In case the price does not make an attempt to break this zone, it is likely to move sideways within the range and return to the support level at 1916
If any H1 candle closes above the level of 1929 --> the next price target is 1935 - 1939.
-In case the price does not make an attempt to break this zone, it is likely to move sideways within the range and return to the support level at 1916