Bearish Outlook on XAUUSD - 15 September
On the 4H chart, prices are trending down a bearish channel with current prices hovering at the upper channel band at the 161.8% fibonacci level, forming lower highs and lower lows. Downtrend confirmation if prices breaks past the 1916 level as prices ened to turn bearish on the lower time frame to indicate the reversal. The bullion is trading below the ichimoku cloud, confirming our bearish bias.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.