XAUUSD Potential For Bearish Continuation

7 thg 9, 2022

On the H4, with prices below ichimoku cloud , we have a bearish bias that the price may drop to the sell entry at 1693.290, where the swing low is. If the price can break this sell entry, the take profit could be at 1680.451, where the significant swing low and 61.8% fibonacci projection are. Alternatively, the price may pull back from the sell entry and rise to the stop loss at 1708.238, where the 50% fibonacci retracement is.

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