XAUUSD is nearing the Daily support at 0.236 fib again and a fail will open a massive range below to 1850 zone. Will be watching this closely. Still not bearish yet on Daily based on Ichimoku and Intensity.
DAily chart visualized using Fib Circles, Ichimoku Cloud and Intensity Bands.
DAily chart visualized using Fib Circles, Ichimoku Cloud and Intensity Bands.
Note
Sharp reaction as expected at the fail of 0.236 Fib Retracement support at 1928.
Important Daily support at 0.786 Fib extension as shown on chart. Good ranging zone between 1894 - 1957 if 0.786 support holds. 1894 support is key.
Ichimoku setting on Daily - 5/12/24/12
Note
1894 failed. Daily close below 1894 will be fatal.Note
Blood BathTrade closed: target reached
Bounced after testing below 1850 as expected.
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
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.
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
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.