Gold (XAUUSD) Daily chart shows a ranging market by Ichimoku
Comment
Gold Daily timeframe shows market is now in a range market by below Ichimoku confirmations.
Ichimoku Analysis
- Price is in between Kijun sen and Kumo (Senko span A)
- Chiko Span touching the past candles
(As circled in red)
Next Scenario
For Bearish: If market comes below Kijun sen and Chiko Span breaks candles downwards, then market can continuously bearish as Kumo and Kijun sen still shows bearish.
For Bullish: If market continues to go up, then we'll see TK cross, Chiko breakout, then Kumo breakout (Sanyaku Kouten) and it can continuously be uptrend.
Forex Kei
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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