Now we are at a critical level..

FX:XAUUSD   Gold Spot / U.S. Dollar
722 6 30
Ichimoku_Trader trendlegends
I think , Target 1340 USD in May 2016
Anything could happen
Thanks for this chart.
Could you please explain what KS means? Also, do you use default parameters for the Ichimoku (9,26, 52), when you use a time interval different than days ?
Ichimoku_Trader purpurato59

KS = Kijun Sen. I view it as the trend line of the current timeframe
It is the blue line on the chart and it is the 50% retracement level of the last 26 candles which usually encompass the last move
I use only the default parameters on all timeframes

Good luck
+1 Reply
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