In the gold chart, you can see that the Komo cloud has thickened and the chart is at the top.
It's hard to get inside the cloud for the price, so the price can't easily enter the red range of B.
Therefore, in the next 30 days, the market may suffer, and the Targets of 1734, 1759, and 1789 are very expensive.
But if the market wants to reduce the price, when it...
The 2nd cloud in the Ichimoku indicator (composed of the Base Line and Conversion Line) tells us that * when the price enters the range, it's bound for change. * S&P500 recently rallied. Now it's settling down according to these cloud calculations.
I had fun with this one, the more I looked the more there was to find. This really does look very bullish…
*Break of median line in a long term downward trending channel
*Break of neckline of massive inverted head and shoulders Pattern
*Breakout of 3D Ichimocku cloud
*Bullish weekly 3 white soldiers pattern forming
The chart above shows a break...
Ichimoku is showing further strong sell signals on the hourly chart - TK cross below the Kumo, Chikou-Span below price, and the future cloud wide and red. My next target is the 200 MA, where it will possibly find support.
Not advice. Good luck to you all.
XMRUSD, is looking very nice, on the daily Ichimoku chart. Once Chikou-Span leaves the Kumo, and we get a bullish signal, of a TK cross, above the Kumo, I think this will be, a very positive trade. Good luck to you all.