Hey guys
I have a request from someone for gold. Let's take a look.
Monthly: Price is in cloud and Tenkan is flat while Kijun is pointing higher. Chikou is above price and macd is crossed up. It is neutral with bullish bias.
Weekly: Price is above cloud and Kijun and macd is neutral.Chikou is in price.
Daily: Price is in cloud and below Kijun. Chikou is in price and macd is below zero.Tenkan and Kijun are flat. We can see a move to 1300.
For bullish possibility, weekly Kijun must hold. If it breaks, then we will have to reassess.
Keep an eye on USDJPY. If USDJPY reverses, gold tanks and squeeze all longs.
Take care.
I have a request from someone for gold. Let's take a look.
Monthly: Price is in cloud and Tenkan is flat while Kijun is pointing higher. Chikou is above price and macd is crossed up. It is neutral with bullish bias.
Weekly: Price is above cloud and Kijun and macd is neutral.Chikou is in price.
Daily: Price is in cloud and below Kijun. Chikou is in price and macd is below zero.Tenkan and Kijun are flat. We can see a move to 1300.
For bullish possibility, weekly Kijun must hold. If it breaks, then we will have to reassess.
Keep an eye on USDJPY. If USDJPY reverses, gold tanks and squeeze all longs.
Take care.
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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.
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.