Pashabxl

XAUUSD: State of play; still in the trend

FX:XAUUSD   Gold Spot / U.S. Dollar
158 0 3
Gold             did not brake yet its trend. The Lagging span has a good orientation, the Kumo cloud is think therefore there is a lot of volatility and volume . There is no Tenkan-Kijun twist. The RSI is in the positive direction.
XAUUSD             would raise when FED decide to increase its interest rate significantly. But we are not there yet.
There is a Fibo Retracement on my updated graph with the Red up trend. If the price fall bellow any of the two crossing i.e FIBO and Red Trend line , we can consider it as a change of trend.
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