Kumowizard

Gold - Someone just asked me about Gold

FX:XAUUSD   Gold/U.S. Dollar
300 0 5
My answer is: still very boring, with some minor bullish bias.

Weekly:
- Ichimoku picture is bearish to neutral. Chikou hits Price candles. Kijun Sen and Senkou 'A' started to point up. Kumo is getting thinner ahead.
- Heikin Ashi pattern shows consolidation below the Kumo. This week the candle, haDelta and the Oscillator setup points toward a possible bullish bias.
- First important weekly key level is still at 1240

Daily:
- Neutral within the Kumo cloud. Price trades exactly at equilibrium. Looking at average lines there is no bias in any direction.
- Heikin Ashi system is giving mixed signals
- Can be bullish above 1220, bearish below 1170.

My personal feeling is still that we'll see a bullish breakout rather than a bearish move.
I still hold some strategic long position. (I had to offload some remaining USD cash anyway)
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