PatronArmonico
Short

XAUUSD Bearish CRAB in play

FX:XAUUSD   Gold Spot / U.S. Dollar
192 4 6
Complete Bearish CRAB with extreme overbought status
What is your limit profit?
Reply
PatronArmonico Eng.Mustafa.Attiya
Hi:
Target 1 : 38.2% AD, which happens to be around X point.
Target 2: 61.8% AD
Reply
Eng.Mustafa.Attiya PatronArmonico
Hello,
I do agree. But the momentum yesterday was really scary and crazy. I can't see it any way but the way you mentioned but the chart is not systematic anymore :(
Reply
PatronArmonico Eng.Mustafa.Attiya
W1,D1,H4,H1 are or come from extreme overbought status. That is why I think price eventually visit X point.
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