Fools Gold or the real deal? - Ichimoku Gold Setup
With the economic uncertainty of the trade wars, government shutdown, and tariffs we've seen gold make up some pretty good ground against the dollar. This will be the first major test of support if we get a drop to kijun sen. If we get that drop and show some strong sings of support with a good candle or strong holding of price at that level I will look to get long back up to price structure high, and probably even a little bit beyond that. This upcoming move will be a strong indication of market sentiment on the US economy and where they think things are headed. If we fail to fall to kijun sen, we could get an alternative entry at a breakout above previous price structure highs. If we fail to hold support or get a drop to support for a good entry, this setup may become invalidated.
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