XAU Contrarian Long-term Short
XAU
1M -
[Possible] Flat correction/XX Top
80 Fib pin point rejection
1W -
Descending RSI Channel
3rd pump Bearish Divergence
Some exchanges show a gravestone doji
1D -
Major Rejection off Supply Zone
Reversal Signals from Algo
3rd pump Bearish RSI Divergence
Play
Enter at 1698.40, SL tight above Daily micro previous at 1718.50
Targets
TP 1 convergence of Weekly Wave A 50 Fib and Wave B 38.2 Fib
TP 2 convergence of Weekly Wave A 38.2 Fib and Wave B 50 Fib [Running Flat]
Considerations of Wave A 61.8 Fib and Wave B 23.6 Fib
Look for market reaction at TP 2 [Running Flat]. Regular Flat correction down to 871.6 and peak wick support (1M,1W,1D)
Contrarian look at market, a lot of media/signals/experts calling for XAU buys
1M -
[Possible] Flat correction/XX Top
80 Fib pin point rejection
1W -
Descending RSI Channel
3rd pump Bearish Divergence
Some exchanges show a gravestone doji
1D -
Major Rejection off Supply Zone
Reversal Signals from Algo
3rd pump Bearish RSI Divergence
Play
Enter at 1698.40, SL tight above Daily micro previous at 1718.50
Targets
TP 1 convergence of Weekly Wave A 50 Fib and Wave B 38.2 Fib
TP 2 convergence of Weekly Wave A 38.2 Fib and Wave B 50 Fib [Running Flat]
Considerations of Wave A 61.8 Fib and Wave B 23.6 Fib
Look for market reaction at TP 2 [Running Flat]. Regular Flat correction down to 871.6 and peak wick support (1M,1W,1D)
Contrarian look at market, a lot of media/signals/experts calling for XAU buys
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