Butterfly short on XAUUSD

218
Precious Metals Miners Lagging Behind: An Unexplained Disparity

Despite the ongoing strength in precious metals, mining stocks continue to underperform, exhibiting a divergence that lacks a clear fundamental justification. This widening disconnect is creating an increasingly stretched imbalance, suggesting that a correction may be imminent. Such persistent underperformance appears illogical and unsustainable in the long run.

From a technical perspective, I am eyeing the 2915 level for a potential short position. Notably, the Harmonic Butterfly pattern completes around 2815-2818, making it a key reaction zone.
My take-profit targets are set at 2805 and 2700.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.