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marketreaderz
Aug 25, 2023 5:48 PM

XAUUSD starts an uptrend Long

GoldOANDA

Description

On the 2H time frame, XAUUSD crosses above the Ichimoku cloud, indicating that an uptrend has begun. Gold price rose to 1923, then crosses below the clouds of Tenkan and Kijun.

Gold prices are currently exposed to Ichimoku clouds, where futures clouds are green, indicating that the uptrend is still present. It is predicted that the price of gold will rebound at the Ichimoku cloud, then break through the Tenkan and Kijun clouds again.

Using the 2-cloud Ichimoku indicator will make it easier to recognize Ichimoku signals, making Ichimoku charts simpler.
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