15min
Bullish on Gold $XAUUSDMy intraday setup for $GOLD. Technical analysis: I used the indicators ichimoku kinko hyo and parabolic SAR using the 15min chart. The tenken sen, kijun sen and chikou sen are all indicating Bullish and price is obviously above the kumo cloud in this time frame. Looks as if this commodity is tired of the beating it has been taking for weeks now. For now it looks to be in a period of consolidation. I remain long, but do expect volatility. (Stop losses and Targets may be adjusted accordingly) GLTA!
Bat Formation at 4hr and daily levelHi there,
here is another analysis: on USDCAD we are testing a nice daily and 4hr support and resistance level. I think price may go higher and this level is a good one for buying setups like this.
In 15m we have a Bat Formation completing at 1,3370.
Stops go below X, target as usual with this kind of patterns.
See you in the next chart!