Kumowizard

Strategic bull needs some consolidation.

FX:XAUUSD   Gold/U.S. Dollar
207 1 10
Weekly: Absolutely bullish , with higher high this week.

Daily:
- Ichimoku setup is bullish , with good supports zone around 1300 +/-
- Heikin-Ashi had some warning yesterday in form of inside candle and weaker haDelta/SMA3. Today we had knee jerk selling, ripping and selling again after NFP data.
It clearly looks like the Bull has started consolidation, and hopefully we'll have a pull back to supports. Maybe the stronger Dollar will do the round.

I say hopefully, as for me it looks more and more obvious, that the fiat ccy systems started their agony. Finally Central Banks will lose control, and either we'll have a total collapse, or a very high inflation due to their policies... but this view I have shared with you plenty of times.

Remember, trade the bullish Weekly strategy, with timing, entry signals and entry points marked by Daily!
i like your breakdown of things . I update my gold idea. I think we sing same song ^_^
XAUUSD: UPTREND CONTINUATION FOLLOWING PB
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