XAUUSD Potential for Bearish Continuation| 6th October

6 ต.ค. 2022

On H4, with the price is below the long-term descending trendline, we have a bearish bias that the price may drop from the sell entry ta 1731.308, which is in line with the 61.8% fibonacci retracement to the take profit at 1691.682, where the 38.2% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1746.484, where the overlap resistance is.

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