Feb. 25th – XAUUSD

RSI 14 shows a divergence but not below the 70s line yet and prices still move within the final channel (grey).
If prices penetrate the lower boundary of the grey channel, this would indicate a top in place.
But please be aware, that my internals could not be right and the correction could be of a lower degree wave four.
The 2.0 fib projections of Micro wave ((4)) and Submicro wave (4) for Micro ((5)) and Submicro (5)
point to the area around 3000, see blue arrows.