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moca_nomic

XAUUSD_13 Oct 2023_Several Reasons to Seek a Sales Position

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
moca_nomic  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns bearishtrend Bearish Trend Line abcdpatterns fibonaccianalysis Fibonacci Retracement
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trendanalysis harmonicpatterns chartpattern bearishtrend bearishtrendline abcdpatterns fibonaccianalysis fibonacciretracement
This analysis uses daily timeframe, and here are some reasons to support seeking a sales position:
1. Currently XAUUSD in bearish position
2. The price in bearish resistance
3. The price also in fibonacci retracement area 78.6
4. The price has the potential to develop a pattern AB=CD

So, we can wait to seek a sale position like waiting for bearish candlestick pattern.

Notes:
This is not a recomendation to buy or sale, this is my own analysis.
So, all all responsibility is yours.

Thank you.
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