Raxiyan

Raxiyan

!!! 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...

Raxiyan Updated 

!!! This is not a trading advice, Please do your own analysis !!! Price moved as I expexted. Intersection of green support line from 1850 and bottom of descending white channel combined with -275 cci was a perfect buy position entry point where i engaged my trade with 4$ SL which is more than what I almost always used for high expected return trades (2.5$) because...

Raxiyan Updated 

!!! This is not a trading advice plase do your own analysis !!! 1899.0 - 1899.5 becomes a very strong resistance on 4h chart, it is also Fib78 of Jan 6. If gold tries to pass it again and fails, we go straigth to 1876, if cant hold then to 1850.

Raxiyan

!!! This is not a trading advice, Please do your own analysis !!! XAUUSD enters back into rising purple channel. Upperbound of white descending channel and green support line should be watchted closely.

Raxiyan Updated 

!!! This is not a trading advice, Please do your own analysis !!! 8/10 sucessful trades entered with this grahp in last 2 days.

Raxiyan

I am confused at this point. Feel free to share your opinion.

Raxiyan

!!! This is not a trading advice, please do your own analysis !!! I expect one last try to 1899 then sharp drop to 1829. Then it is early to say but my expectation is: 1829 to 1870, 1870 to 1850, 1850 to 1927

Raxiyan

!!! This is not a trading advice. Please do your own analysis !!! IF price moves like it did in green triangle, target is upper yellow trend line . IF price falls below March support line like it did before in red triangle, gold is dead, target is lower yellow trend line and a new bearish trend might start.

Raxiyan

!!! This is not a trading advice. Plese do your own analysis !!! I expect reversal from 1850-1855 which includes Fib61 , 200 D MA and 10 Feb '21 peak to somewhere between 1810-1818 then straight to 1876 which is Fib50 of Aug '20 fall.

Raxiyan Updated 

!!! This is not a trading advice, please do your own analysis. !!! I expect price to hit intersection of purple dashed line and red line around 14.00-15.30 (be aweare that out time zone might be different) and retreat to first 1818-1816 then 1800

Raxiyan Updated 

!!! This is not a trading advice, please do your own analysis. !!! As I mention earlier ı waited price to get out of the box to enter trade. After that these are the positions of my trades and whether position entered is successful or not. I keep watcing for opportunities. You can see my previous charts below:

Raxiyan

Here my previous charts: And this:

Raxiyan Updated 

!!! This is not a trading advice. Please do your own analysis !!! So, price got out of the box and now is moving in descending red channel. I expect price to hit 1800 some where around 17 May 14.00-16.00. If price breaks down red support line 1795 is possible buy zone. Feel free to share your opinion.

Raxiyan

!!! This is not a trading advice, please do your own analysis. !!! Price is on middle trend line. I expect downward movement to bottom purple line

Raxiyan

I find triangles at intersection of descending and ascending channel very risky and do not trade. I just watch with a cup of coffee on my hand. What do you think? Feel free to share your opinion.

Raxiyan

!! This is not a trading advice. Please do your own analysis. !!! So CPI comes higher than expected thus DXY goes up and Gold goes down but then sky rockets again. why? Lets ckeck the numbers. When CPI comes, price goes down to 1822 which is mid point of ascending purple trendline where bulls are. Then it goes up to 1843 which is on 31 March yellow trend line...

Raxiyan Updated 

!!! This is not an investment/trading advice. Please do your own analysis. !!! CPI should be watched. We might see strong reversal if CPI comes higher than expected.

Raxiyan

Just watching... have a coffee or something. Feel free to share your opinion.