ForexKei-Official

Gold continuously bearish by Ichimoku

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Comment

Gold (XAUUSD) has been bearish by below Ichimoku confirmations.

Ichimoku Confirmation


- Kumo (Senko span A) down. Kumo itself is thick and long
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles

Next Scenario

1. Market could break the previous support at 1676.54 and continue to go down
2. Market could be bounced by the support at 1676.54 and reaches to descending trend line, and keeps going bearish

Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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.