XAUUSD - 31 May - What keeps bothering me
!!! This is not a trading advice, Please do your own analysis !!!
We are having a bull run for 2 months now. But divergence forming on 4h chart keeps bothering me. I expect price to reach 1923 (Fib78 of Aug 2020). By that time cci will be around +275 and RSI will touch red line. Upperbound of ascending channel also passes there. Could it be sign of reversal? What do you think?
We are having a bull run for 2 months now. But divergence forming on 4h chart keeps bothering me. I expect price to reach 1923 (Fib78 of Aug 2020). By that time cci will be around +275 and RSI will touch red line. Upperbound of ascending channel also passes there. Could it be sign of reversal? What do you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.