The808Trader

XAU/USD - Ichimoku Long Setup

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold rose high last week and we had a kumo breakout before our final confirmations came. I am looking for a drop to support, either the kumo or tenken sen to find support at to look for a buy. If price finds support there I will look for a buy. If we drop and fall through that support, this setup will become invalidated.

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.