Gold’s Correction: The Calm Before the Next Wave🟡 Gold’s Correction: The Calm Before the Next Wave 🟡
The golden bull just took a breather — and this chart screams opportunity, not panic.
After tagging the $4,380 high, XAUUSD has retraced cleanly to the 0.618 Fibonacci zone (~$3,995), right at the heart of strong historical demand.
We’re now seeing:
✅ A tight falling channel forming a classic bullish flag
✅ Heavy volume node at $4,000 acting as support
✅ RCI oversold across all timeframes — the last time this happened, gold ripped nearly $400.
💬 My read:
The weak hands are selling. Smart money is quietly loading.
As long as $3,990 holds, the risk/reward here is golden.
🎯 Targets
First breakout: $4,165 (Fib 0.786 / channel top)
Next wave: $4,380 retest
Extension: $5000 if momentum confirms
🛡️ Stop: Below $3,880
💰 Reward potential: 3–4x
🚀 Accumulating here before the breakout.
Gold’s next leg could be the one everyone wishes they hadn’t missed.
#Gold #XAUUSD #Commodities #Fibonacci #RCI #VWAP #TechnicalAnalysis #BuyTheDip #TrendTrading #SmartMoney
RCI
Rogers Communication RCI.B - Weakness AheadI have been following Rogers Communication for a while watching price unfold as the company has been in the news over the last few months.
Firstly, Rogers would like to purchase Shaw communications which will constrict wireless competition landscape even further within Canada and secondly, they had a serious country wide outage a few weeks back which affected millions of their consumers as well as businesses such as Interac and emergency services. The outage revealed how vulnerable their infrastructure is to being affected as they appear to have less than reliable redundancy systems in place. Management noted they will be investing heavily into their infrastructure so this downtime issue will not happen again. Millions will be spend on their networks which will likely affect stock price.
Looking at the long term monthly timeframe, I see continued weakness in RCI.B after it breached an old Feb-2019 all time high of $73.82 but was strongly rejected with price currently sitting in the middle of the dealing range between $73.82 and $46.81.
Under current price, we have a few levels that I believe price will reach for.
1st target = 56.00
2nd target = 54.70
3rd target = 50.70
4th target = 46.80
Ultimate target for the stock in my opinion is $40.0. Feel free to comment on my idea. Feedback is always appreciated.




