Ichimoku_Trader
Short

Almost decided...

FX:XAUUSD   Gold / U.S. Dollar
1154 10 43
Please take some time to read the monthly chart analysis below

Now we are at a critical level..
Comment: The critical level has been broken. Unfortunately, very bad news for the bulls

Related Ideas

what does this mean? expecting downtrend now with little chance of rebound?
Reply
expecting to reach that support before correcting the move down
We are now bearish though on the daily
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saad2 Ichimoku_Trader
the support at 1178.07 now? what should be my play if i'm longing from 1260. Looking to cut my losses on the rebound but it's not happening
Reply
well, once we broke my red line, we became bearish on the daily
and usually, the leg that break the trend travels a bit before the retrace

it's your call
+1 Reply
so are u expecting this downtrend to continue little more days ?
Reply
Ichimoku_Trader iamnoblethomas
If we break the critical level, expect to reach 1178.07 before the correction
If we do not.. then things are in the air
i expect we will though

Let's see
Reply
davisiiw Ichimoku_Trader
Great call!! :) I'm up 200 pips :)
Reply
congrats

be careful
Reply
niiiiice

thanks
+1 Reply
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