FX:XAUUSD   Gold Spot / U.S. Dollar
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Hey guys
I have a request from someone for gold . Let's take a look.

Monthly: Price is in cloud and Tenkan is flat while Kijun is pointing higher. Chikou is above price and macd is crossed up. It is neutral with bullish bias.

Weekly: Price is above cloud and Kijun and macd is neutral.Chikou is in price.

Daily: Price is in cloud and below Kijun. Chikou is in price and macd is below zero.Tenkan and Kijun are flat. We can see a move to 1300.

For bullish possibility, weekly Kijun must hold. If it breaks, then we will have to reassess.

Keep an eye on USDJPY . If USDJPY reverses, gold tanks and squeeze all longs.


Take care.
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