XAUUSD: State of play; still in the trend
Gold did not brake yet its trend. The Lagging span has a good orientation, the Kumo cloud is think therefore there is a lot of volatility and volume. There is no Tenkan-Kijun twist. The RSI is in the positive direction.
XAUUSD would raise when FED decide to increase its interest rate significantly. But we are not there yet.
There is a Fibo Retracement on my updated graph with the Red up trend. If the price fall bellow any of the two crossing i.e FIBO and Red Trend line, we can consider it as a change of trend.
XAUUSD would raise when FED decide to increase its interest rate significantly. But we are not there yet.
There is a Fibo Retracement on my updated graph with the Red up trend. If the price fall bellow any of the two crossing i.e FIBO and Red Trend line, we can consider it as a change of trend.
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