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The808Trader

A Golden Idea - Ichimoku XAU/USD Trade Idea

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
The808Trader  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading Bullish Patterns ichimokukinkohyo ichimokuforex Forex forextrading the808trader
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trendanalysis chartpattern indicator gold goldtrading bullish ichimokukinkohyo ichimokuforex forex forextrading the808trader
Gold has been on the watchlist ever since it's bullish TK cross and rise up from support. We are in the middle of a kumo twist, and signs are looking pretty bullish. I am looking for a kumo breakout to enter a long posistiion. I am targeting one of the large flat areas on the previous kumo as my TP, so this trade may take awhile.  With the bottom of the kumo reasonably close and lining up just below kijun, it gives us a nice tight stop loss we can take advantage of. If we fail to break out of the kumo or our bullish confirmations change to bearish, this setup may become invalidated.
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