Pashabxl
Short

XAUUSD: There is no reversal yet

FX:XAUUSD   Gold Spot / U.S. Dollar
87 2 1
It is still too early to think that Gold             is finaly on an upside trend. There was a jump based on different factors, but nothing yet to conclude to a trend reversal. Gold             may go until 1313 or 1330, even a sudden jump to 1350 but at the present situation this is not a sustainable level. The main target remains 1180, 1090- 1060 as I have expressed in my previous announcement. I always prefere to miss a trading rather that being in the market, but on the wrong side and direction.
There are at least 4 cumulative signs that should confirm the reversal. The Pink lagging span should cross the Kumo Cloud. The should be a clear Kumo Twist. Tenkan and Kijun Twist is the Third signal and finaly prices should cross the Kumo Cloud.
And to have a sense of the strength of the reversal, Tenkan-Kijun reversal should be done outside the Kumo Cloud and bellow the Kumo cloud.
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When would be a confirm of a reversal?
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