XAUUSD Bearish Continuation

٢٢ سبتمبر ٢٠٢٢

Gold has been trading bearish for a long time now, its unlikely we will see a swich of trend for the rest of the year. We are in an impulse formation here on the 4 hour timeframe. Although on the weekly timeframe we do have a bullish flat correction for the 4th wave for a bullish side it suggest the its over with the bearishness but price just keeps on dropping. We cant try to look for long side long term as it makes short term bullish pullback then drops similar to the GBPUSD.