XAUUSD: not the time to jump up yet!?
Looking at XAUUSD H4 chart based on Ichimoku Kinko Hyo, still no firm uptrend yet since yesterday. I went in seeing the indecision candles bounced from the Senko Span A. However, that seems to be where the consolidation starts to happen. This zone is also supported by the EMA200.
My SL is now at the previous low of H4 charts around 1770. If the price breaks through this level, Gold would likely go toward the next support zone around 1760.
I guess if you are not in the trade yet, you'd better stay aside for now. Or, get in and out quickly as anything can happen in the range!
My SL is now at the previous low of H4 charts around 1770. If the price breaks through this level, Gold would likely go toward the next support zone around 1760.
I guess if you are not in the trade yet, you'd better stay aside for now. Or, get in and out quickly as anything can happen in the range!
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