Midterm Sell Setup

XAUUSD has a clear RSI Bearish Divergence on 3-Day chart. I will keep an eye on the uptrend to short the breakout.

This trade is suitable for a midterm position trader.

Cheers!

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Here is first Fibo level which I expect Gold will visit once green channel is broken.

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It's possible that Gold is in wave Y of WXY EW pattern.

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Possible H&S

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The main trend is not too far.

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Well done bears. Congrats! on the breakout.

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Weekly Line Chart has a clear breakout.

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I think Gold just formed another lower high.

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Bears waste no time. Yesterday drop surprised everyone. I honestly had thought the drop wouldn't have been this sharp.

Target 1 hit. Next is 1240.

Trade closed: target reached

Target 2 reached. Thanks for visiting :)

Bandarsq

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Bandarsq