Kumowizard

Gold reached critical level

FX:XAUUSD   Gold Spot / U.S. Dollar
609 0 16
Extreme equity bull all round the world, and also USD being bought again. Gold             suffered more than I origonally assumed and reached an extremely important key level.

- Ichimoku has started to build a bearish bias: Price is at Kumo (last short term support), but below Kijun Sen and future Senkou B. Tenkan, Kijun and Senkou lines all at same level ard             1145-1148, so this will be the key resistance on the upper side.
- Heikin Ashi is bearish , it really had a heavy momentum. Some early signal for bears to take a pause here: Today candle doesn't have a lower low and haDelta/SMA3 is relatively low. There is some chance we see some pull back towards 1135-1145 in next two days, before NFP release.

Obviously NFP will be the trigger to decide what happens next with Gold             (and of course with all other assets).
A strong NFP number would cause a bearish break below last support of 1115-1120.

Some suggests bottom fishing here. Well, we can take a chance in small, but I'd be more confident with a buy higher in bigger size, when I see signal of bullish reversal.
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