XAUUSD Potential for Bullish Momentum | 5th Oct 2022

5 окт. 2022 г.

On H4,with the price testing the upper bond of the BB, and 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 inline 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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