Hey guys
Hope you guys are having a fantastic weekend. Let's take a look a gold as this week it will move. There is some event risk coming up.
Weekly: Price stalled at multi month trendline. Ichimoku is neutral as price is in cloud . Chikou hit past candles. However, hadelta is above zero and macd is crossed up. Price is above tenkan and kijun
Daily:
Price is currently testing support. Chikou is above price. Price is above Tenkan and Kijun. Macd is crossed down but above zero line. Hadelta is below zero line.
Price is below 4h cloud. It can go either way. So, wait for confirmation before you enter. If support breaks, it isn't really the best candidate for short as price is above daily cloud. It is rather good long candidate if price action confirms.
Nothing to do right now. But i'll be watching lower TF for entry signal. This is actually a critical week for dxy. Keep an eye on audusd as well.
Thanks for reading.
Hope you guys are having a fantastic weekend. Let's take a look a gold as this week it will move. There is some event risk coming up.
Weekly: Price stalled at multi month trendline. Ichimoku is neutral as price is in cloud . Chikou hit past candles. However, hadelta is above zero and macd is crossed up. Price is above tenkan and kijun
Daily:
Price is currently testing support. Chikou is above price. Price is above Tenkan and Kijun. Macd is crossed down but above zero line. Hadelta is below zero line.
Price is below 4h cloud. It can go either way. So, wait for confirmation before you enter. If support breaks, it isn't really the best candidate for short as price is above daily cloud. It is rather good long candidate if price action confirms.
Nothing to do right now. But i'll be watching lower TF for entry signal. This is actually a critical week for dxy. Keep an eye on audusd as well.
Thanks for reading.