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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