Gold - Setup is neutral, bias is less bearish.
- Price is at/in the Kumo, actually it could not get further away from the cloud in the last 6-7 trading days, it was tracking and got stuck to current Senkou B. Chikou Span hit past candles too and moving in the past Kumo. There is a thin Kumo which overshades Price. In fact 1180-1225 range is still intact.
- Heikin Ashi signals a pause in selling. Price action started to show some undecision. Will we see more hesitation in 1180-1195, will finally Bulls or Bears take control? We don't know it from current setup.
The only thing I can say again is: it is a sell below 1180, and it is a buy above 1200.
My bias is somehow rather bullish, especially that I am bit bearish biased on USD as well. This doesn't mean I will be right. As always, trade only the price action and trade according to your own plans!
- Heikin Ashi signals a pause in selling. Price action started to show some undecision. Will we see more hesitation in 1180-1195, will finally Bulls or Bears take control? We don't know it from current setup.
The only thing I can say again is: it is a sell below 1180, and it is a buy above 1200.
My bias is somehow rather bullish, especially that I am bit bearish biased on USD as well. This doesn't mean I will be right. As always, trade only the price action and trade according to your own plans!
