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15 min XAAUSD-bearish bias
XAAUSD
Current bias is bearish
Higher time frame is also in bearish bias
Price is moving inside a bearish channel where price is rejected from pushing up yet continues to create new LHs and LLs. Price may continue to do so until it hits support zone at 1716 or 1714 or lower just like it did in mid to late July.
Once price exhausts its bearish bias, it may start to reverse and go bullish to retest the 1 HR zones (bullish OBs) and up to 4 HR support Zone (bearish OB) before it goes bearish again.
Current bias is bearish
Higher time frame is also in bearish bias
Price is moving inside a bearish channel where price is rejected from pushing up yet continues to create new LHs and LLs. Price may continue to do so until it hits support zone at 1716 or 1714 or lower just like it did in mid to late July.
Once price exhausts its bearish bias, it may start to reverse and go bullish to retest the 1 HR zones (bullish OBs) and up to 4 HR support Zone (bearish OB) before it goes bearish again.
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