Picture is not bullish any more, but short term supp/res reached

FX:XAUUSD   Gold Spot / U.S. Dollar
121 0 5
- Ichimoku setup is neutral, with bearish bias
- Massive breakdown below Kijun, then below 100WMA. Bullish chances are completely lost.
- EWO             turns slightly bearish .
- Price reached 1215-1220 strong support resistance, where as you see market got a bit oversold short term. haDelta has reached an extreme low. Bears have to be careful here. We may see some consolidation or a pull back towards 1235-1240. There I'd get out of any longs, and maybe would even try to catch next sell signal.
- Next stronger supp/res level is ard             1175+, which is also important bullish support on the weekly chart (not shown here this time)

- Bearish Ichimoku setup.
- Heikin-Ashi is bearish , but we can see some positive divergence in haDelta --> mkt is very oversold short term.
- EWO             is strong bearish . Maybe a bit too low --> correction is possible.

Conclusion for now: be patient!

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