Here is what we have on gold:
Monthly:
-Prices testing Kijun
-RSI rising
-Ichimoku neutral
Weekly:
-Prices broke cloud and met 1238 resistance
-RSI in overbought territory
-Supports are 1160-1190
-Bullish setup
Daily:
-Prices consolidating after fast run to upside
-ichimoku bullish
-If we break trendline , we can see acceleration to 1320-1350. Otherwise price may need more time before higher. Even if we dip to 1190 it is still bullish. That will actually be a better entry.
Monthly:
-Prices testing Kijun
-RSI rising
-Ichimoku neutral
Weekly:
-Prices broke cloud and met 1238 resistance
-RSI in overbought territory
-Supports are 1160-1190
-Bullish setup
Daily:
-Prices consolidating after fast run to upside
-ichimoku bullish
-If we break trendline , we can see acceleration to 1320-1350. Otherwise price may need more time before higher. Even if we dip to 1190 it is still bullish. That will actually be a better entry.
