XAU/USD - D, 8Hr "The Classic Trade What You Know"

The strategy for Gold is simple. We are currently seeing strong bearish momentum ever since we topped out from our last structure high at 1786.54 and expect that momentum to continue until Q1 2023 For. the moment, Im bearish but with no current executions and with the anticipation to enter long at the next level of bearish resistance around 1682.27 a .618 retracment from our 1786.54 high. At this level Im looking to see either an ascending bearish flag with a major false break out to the downside or a major consolidation with wedging price action slowly revealing its direction. Until then we have to watch how price action reacts nearing our fib zones.