The_Cannalyst

Kissing the 38,2 = short?

Short
The_Cannalyst Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
43
Fibo-Lovers could open a shortposition at the present Level, today we have kissed the 38,2 fibo of the last downwave 1137-1122
RSI is overbought.
Attention pls: The shortterm uptrend is full in tact - i see no selling signals yet!
This would be a countertrade against the trend, very risky...

we are here:
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ok ok...next upwave should be exspected first
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the first 10 bucks! sl adjustment to todays top
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rsi with a first selling signal
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will this illustrated H&S be formed?
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Trading above the possible right shoulder will brighten the Chart
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YESSSSSSSSSSS
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H&S active
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ugly bear trap!:(
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beartrap.... we have to search a long entry again..watch the 1207!
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aha...
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rsi overbought
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i think to adjust the stopp to the last top makes sense
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building a double top? it seems so, but watch the rsi, it is evry oversold
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rsi is very oversold,
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