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XAUUSD H4: Bearish outlook seen, further downside below 1759.80

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Ouro/Dólar Americano (FOREXCOM:XAUUSD)  
T3-Consultancy  
FOREXCOM:XAUUSD   Ouro/Dólar Americano
Harmonic Patterns Trend Analysis Chart Patterns XAUUSD XAU USD xauusdlong xauusdshort Forex forextrading forexsignals
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harmonicpatterns trendanalysis chartpattern xauusd xau usd xauusdlong xauusdshort forex forextrading forexsignals
On the H4 time frame, a pullback to the resistance zone at 1759.80, in line with the Fibonacci confluence levels and graphical support-turned-resistance zone presents an opportunity to play the drop to the support zone at 1713.50. Prices are holding below the Ichimoku cloud as well showing signs of bearish pressure. Failure to hold below the resistance zone at 1759.80 could see prices push higher to the next resistance zone at 1782.80.
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