Hold longs, correction may end, 1200+ in focus.

FX:XAUUSD   Gold Spot / U.S. Dollar
484 9 11
It may look like a slow motion, but Gold             is still bullish biased, and I still think 1200+ area is possible to reach.

- Bearish trendline broken. Ichimoku is turning to neutral. Weak bullsih Tenkan/Kijun cross may happen below Kumo!
- However 1205-1230 is still a resistance ahead of Bulls. Strategic reversal would take place above 1230
- Heikin Ashi is bullish , with some momentum slow down this week.

- Ichimoku is healthy bullish . By now we have a well defined bullish trend channel too.
- Key support is 1155-1160
- Heikin Ashi has early signal for a possible end of correction: Doji candle and smoothed haDelta is turning up again. PSAR not hit below Tenkan Sen.
- I expect a slow drift to start towards 1200+

Strategy: Hold and/or increase your longs!
I agree, stop adjusted below 1155
Thanks guys! :)
Same view, correction is about to end, nice discount on the retrace, for more longs.
Any ideas about copper?
Kumowizard05 Chartsmith
Would make a bullish breakout above 2,41.
Kumowizard Chartsmith
Did u see? It briefly touched 2,41, then bounced back again. It has to close above the key level.
Chartsmith Kumowizard
Yes, I shorted it on impulse for a rejection. A lot of up down, up down, on the daily is how this normally behaves I see. Bit difficult to judge its direction for someone like me who hasn't watched it before.
Kumowizard Chartsmith
Stick to your plan. When something doesn't look very good or convincing, that is not good. Even if you miss a trade entry where you were not confident initially, don't mind!
Chartsmith Kumowizard
True. The worst is when something looks certain a day ago and doubt creeps in. Makes it a difficult trade just for sticking to the plan. Don't like those :)
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