HendyHalim

XAUUSD On Card To The Downside?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As we can see from 4H chart, from ichimoku indicator perspective, chikou span below the cloud, candle below the cloud, kijun above tenkan. It is indicating bearish market.
From MACD perspective it is below 0, which it is bearish market.

I also mark the risk area (red area) and possible taking profit area (blue color).

Happy trading. Manage your own risk and target.
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