1155 - make it or break it

FX:XAUUSD   Gold Spot / U.S. Dollar
278 1 8
Spiked up nicely, but ard             1150+ Bulls, Bears, The Illuminati, The Freemasons and everybody how trades, invest, manipulates in Gold             realised how important this level have become.

I don't want to go into ZH-like conspiracy theories about paper gold             and physical gold             , about certain banks' derivative role and exposure... as finally the only thing that matter is the technical picture.

- The trend is bearish until price is below 1155... uh, pretty close. And extremely important as this is a multi-year long term bearish trendline! Above that there is one more important key area: 1185-1200. In terms of %, that is not too far away either.
- Ichimoku picture is bearish until price trades below Kijun Sen and Kumo. Above Kijun but below Kumo it would be neutral, above Kumo it would be strategic bullish again.
- Last week Heikin Ashi signal was bullish , let's see what this week brings us. (too early to decide on Monday)

- Ichimoku setup is turning bullish , what's more it looks like a .... Bullish Kumo breakout? Trendline break? It will be clear only if Bulls take control and Price breaks above 1155-1160.
- Due to heavy fight between bulls and bears, Heikin Ashi lost its obvious bullish bias today. However I would hold original longs, until Gold             trades above 1110-1120.

1110 - 1155 range is too tight. It can not stay like this for too long, it will be decided soon.
Thank you,
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out