XAUUSD_13 Oct 2023_Several Reasons to Seek a Sales Position
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.
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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