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
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Krasen
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agree
Neel_K
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awesome tracking!!
ArtFly
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It is not easy to predict now. Is it a low at the edge of the channel? 1180 will be the last bastion of defense?
gaptraderhq
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@Maryjane ... Big call MJ considering its still falling & looking at going close to 1200??? Thoughts?
The_Cannalyst
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Hi, at present it seems that we will kiss the area 1207-12012 ..latest here i exspect a temporarily shortterm countermove @gaptraderhq,