A possible Longterm selling opportunity on XAUEUR after the false break and the retest (4h). In the daily and weekly timeframes, the WXYZ correction pattern seems to be complete on 78.6% Retracement area.
*NB: On a daily chart there is a bearish engulfing candle and divergence on the RSI signaling high probability to the downside.
COMPARE THIS WITH XAUUSD WHICH IS SHOWING AN EVEN CLEARER SIGNAL TO THE DOWNSIDE (LONGTERM).
*NB: On a daily chart there is a bearish engulfing candle and divergence on the RSI signaling high probability to the downside.
COMPARE THIS WITH XAUUSD WHICH IS SHOWING AN EVEN CLEARER SIGNAL TO THE DOWNSIDE (LONGTERM).