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maraxrara
Jul 9, 2022 8:34 PM

XAUUSD: BEARISH EXPANDING TRIANGLE 🔻  

GoldOANDA

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XAUUSD: BEARISH EXPANDING TRIANGLE 🔻

BIAS: BEARISH 🔻

TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will continue further bearish to 1721.4 &1678.73 target 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.

XAUUSD: (tradingview.com/x/77UT2iKP/)
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