ForexKei-Official

Gold continuously bearish after Weekly Ichimoku SSB breakout

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As expected, after breaking Weekly Ichimoku Senko span B 1759.72 market continues to go bearish.
Daily chart shows a continuous bearish trend as below Ichimoku confirmations.

- Kumo (SSB, SSA) down
- Tenkan sen down
- Kijun sen down
- Chiko span below candles

The next target is 1670 which is the previous support on 5th June, 1 May, and 21 Apr 2020.

Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.