Long

Kissing 1300 and then down?

Updated

Is this a realistic / thinkable Szenario?
Breaking through the resist at 1245 menas aiming 1260 / 1288.
At 1288/1300 the falling longterm trendline is based

my shortterm view:

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attention pls

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rsi made a selling signal yet, ket`s wait if xau could recapture the wedge..if not and we see prices below todays low the likelihood gets higher that we will kiss the pivot support at 1215

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trading above 1245 will brighten the chart

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RSI is deep red, a shortterm buying signal could appear when we sucessfully have kissed the present supprt at ~ 1.217

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a possible tp of this shortterm countermove could be the minimum correction fibo 38,2 @ 1.235. Trading beloe 1215 could initiate the next downwave

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without reaching my target zone at 1217 the exspected pullback started

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ArtFly: we kissed the breakout nive near the min 38 fibo

when we count the 1-2-3 we have seen the top at the "3?"

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should we break the shortterm downtrend (3?) the next tp should be the level 1240-1245. Trading above that level is bullish again

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aha

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perfect 1-2-3 Play

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The rsi is very weak, but no Signal yet....for me the rsi seems to tend upwards, that means it could be that we will break the present "2" down to ~1.216 and than we would see a corrective upwave up to the bo-level at 1.223-1.225

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rsi is down.. downtrend still intact...

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YESS

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we are kissing the min tp of the wedge..the 38,2 fibo

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here we go

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is nit now time for a Rebound?

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perfect!

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Yes Yes Yes...

RSI told us the truth! Watch the RSI!

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YES

The_Cannalyst

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