Realisto_FX
Long

Gold : Bullish continuation

FX:XAUUSD   Gold Spot / U.S. Dollar
283 7 5
Gold             had a minor retracement in a bullish trend context . On Friday we had a bullish reversal , I favour new longs with stop below 1190 .

The potential is 1300 area, have a good weekend !
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UPDATE : Stopped out . To regain bullish bias price need to return back above 1200
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My thoughts exactly.
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I partly agree with you about the long movement, but I think there is a big h&s being made. Here is what I'm seeing, what do you think about my view?
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Realisto_FX Yahia.Awes
Hi Peso, you might be right , but to validate your scenario we need price below 1190 . Then I will close my long and enter short till next level. Consider also that price closed above Tekan sen line, a bullish signal
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Yahia.Awes Realisto_FX
I can see a small bend in the Tenkan moving down and if the Kijun Sen is crossed this CAN become very bearish?
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Yahia.Awes Yahia.Awes
Also the cloud can act as resistance or am I wrong?
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Realisto_FX Yahia.Awes
Yes, the cloud is a resistance, but you need to decide if the risk is acceptable to enter the trade with the arguments of the analysis. Very often you will find contradictions in the indicators.
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