#Gold - #XAU/USD - Unpopular chart
Updated
looking at this on monthly we are in the parabolic run, if I have learned anything from trading #Bitcoin this doesn't end well.
I don't think we will be able to break above the previous high, we are printing Bearish diversions on the weekly timeframe, sooner or later this is gonna dump down hard!
depending on the HIGH of this rally i will target at least 0.705 Fib level for take profit, will keep you posted in the timeline
The descending triangle that we have broken has targets of 2076 but I think we will dump first before reaching that target
I don't think we will be able to break above the previous high, we are printing Bearish diversions on the weekly timeframe, sooner or later this is gonna dump down hard!
depending on the HIGH of this rally i will target at least 0.705 Fib level for take profit, will keep you posted in the timeline
The descending triangle that we have broken has targets of 2076 but I think we will dump first before reaching that target
Trade active
expecting a top to set in soon, don't try to catch it! let's see where this rally ends Trade closed: target reached
Entering a small short here, just gut feeling could be wrong obliviously, never try to catch a top on the parabolic rally!Trade active
gotta love those gut feelings!! targetting atleast 1825
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