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pipseek

love to aim high :)...Gold too for the moment

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
pipseek Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
1
0
Ichimoku supports with bullish kumo and favorable Tinkensen and Kijunsen position.
Tinkensen offers resistance while price tries to go down. ...A possible good long setup
Trade closed: stop reached:
Stop reached.....In D1 timeframe it's downward TK corssover....time to move on to some new trade.
Comment:
Gold is hovering around 1315 level...up and really up.It is effect of electoral results.
There is no sign in ichimoku which could have caught up this. It reconfirms the basic fundamental of ichimoku- It works in trending and consistent market AND does not work in spikes event.
So don't expect immediate trade signal with ichimoku However post election results when market attains it's shape Ichimoku will become again the prince charming :)
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