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Ab1sh

XAUUSD - Potential Downtrend

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Ab1sh  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD Gold
7
2
trendanalysis harmonicpatterns chartpattern xauusd gold
Potential Downwards move from here. 1872-75 can also be visited however, Looks bearish, invalid above 1890.

Reason:
-DXY above daily Resistance
-Bear Divergence on Weekly TF (Gold)
-Buy stop Liquidity, as mentioned at the start of the week.
-Bearish Butterfly on daily.

Current Support 1835, 1821, 1798. Can be used as TP. Below 1780 Heavy Bear.

BSL - Buy Stop Liquidity
snapshot
snapshot
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