XAUUSD GOLD MID TERM ANALYSIS
There is a glimmer of hope for 
XAUUSD as it pushes into the upper boundary to a consolidation zone. Of course this has happened before only a week or so ago so a degree of scepticism has to stay. However If we manage to hold in the zone there is hope for bulls. Tenkan/Kijun cross both on 1D chart and 4H chart is looking optimistic and we just pushed above the Kumo cloud on 4H, still deeply under the cloud on 1D but the cross is there. No trade just yet but intensely watching the consolidation area.
XAUUSD as it pushes into the upper boundary to a consolidation zone. Of course this has happened before only a week or so ago so a degree of scepticism has to stay. However If we manage to hold in the zone there is hope for bulls. Tenkan/Kijun cross both on 1D chart and 4H chart is looking optimistic and we just pushed above the Kumo cloud on 4H, still deeply under the cloud on 1D but the cross is there. No trade just yet but intensely watching the consolidation area.
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.