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Kumowizard
Feb 11, 2016 4:07 PM

Update: Long, but be careful here!  Long

Gold/U.S. DollarFXCM

Description

Weekly:
- More positive signals: price above Kumo, EWO turns positive
- Very strong bullish Heikin-Ashi momentum, but need to be careful, as haDelt reached extreme high level, while price also at channel top.
- The big picture is surely changing to bullish --> bullish Kumo twist is about to take place, but we may have some consolidation before confirmed weekly Kumo breakout.

Daily:
- Extremely bullish setup, but probably a bit overextended.
- Careful! haDelta at ABOVE the extreme high level seen during January/2015 top!
- Supports quickly coming higher. A retest to 1155 should be used to look for buy signals... if it makes a retest at all.

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