GOLDUSD crossed the Twist
Updated
GOLDUSD crossed the Cloud Twist on the DLY TF. On confirmation the next level of support is the MLY KS. Do note that the Lagging Span still has to cross the price and its KS.
Breaking the MLY KS will open the way to a continuation of the downtrend.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Breaking the MLY KS will open the way to a continuation of the downtrend.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Note
Gold still neutral as investors does not seems to be attracted by this assets for the moment.Bearish below the MLY KS (purple line), bullish above the KS in extension (dotted blue line) which represent a strong level of resistance that if broken and confirmed will give us a positive signal.
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