XAUUSD: BEARISH EXPANDING TRIANGLE 🔻
Updated
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻
BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 1787 target & lower to complete its "e wave" from the bearish descending expanding triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
FURTHER DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at 60b & 35mbs over the three month timeframe.
BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 1787 target & lower to complete its "e wave" from the bearish descending expanding triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
FURTHER DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at 60b & 35mbs over the three month timeframe.
Note
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