Kumowizard
Short

Gold - Correction is done. Sell again

FX:XAUUSD   Gold Spot / U.S. Dollar
418 1 7
Weekly:
- 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.

Daily:
- 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.
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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