XAUUSD Potential for Bearish Continuation | 29th Sept 2022
On H4, with the price moving within the ichimoku cloud and descending channel , we have a bearish bias that the price may drop form the sell entry at 1659.912, which is in line with the overlap resistance to the take profit at 1617.492, where the swing low, 100% fibonacci projection and 141.4% fibonacci extension are. Alternatively, the prie may rise to the stop loss at 1676.972, which is in line with the overlap resistace.
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