Gold - Correction is done. Sell again

FX:XAUUSD   Gold/U.S. Dollar
418 1 7
- Ichimoku setup is still bearish . Please not that a new strong bearish Tenkan/Kijun cross is emerging.
- Heikin Ashi bullish bias softens, haDelta/SMA3 may turn down, but the week is still ahead of us. Oscillator couldn't switch to bullish during this correction.

- Correction extended higher than I previously expected ( pls             see links below). by the way, that's why I do not like to put on exact price targets neither short nor longer term. As you see we can never know how long a trend, a swing or a counter trend lasts.
- Ichimoku setup is from neutral to rather bearish . Important signals: Tenkan/Kijun is attempting to make a weak bullish cross, but it has relevance only in terms of stronger support/resistance ard 1183. Chikou Span faced resistance at past Kumo and price candles.
- Heikin Ashi candle on Friday was an inside bar (decreasing buying power) and haDelta/SMA3 crossed down. Today we have a confirming bearish candle with haDelta further down.

After all, Gold             seems resuming bearish price action again.
Kumowizard PRO
2 years ago
Daily Kijun Sen and 4H support (Kumo and 100 WMA) blocked further drop. Price ticks again from 1180 support. Trail your stops.
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