Weekly Technical Analysis Report 15 Sep – Bearish outlook on XAUUSD
September 15, 2023
Weekly Technical Analysis Report 15 Sep – Bearish outlook on XAUUSD
1. This week’s outlook on XAUUSD: Bearish outlook seen
On the 4H chart, prices are trending down a bearish channel with current prices hovering at the upper channel band at the 161.8% fibonacci level, forming lower highs and lower lows. Downtrend confirmation if prices breaks past the 1916 level as prices need to turn bearish on the lower time frame to indicate the reversal. The bullion is trading below the ichimoku cloud, confirming our bearish bias.
Bearish Outlook on XAUUSD – 15 September by Salzworth on TradingView.com
