BearSpatter

BearSpatter

Looking at XAUUSD H4 chart based on Ichimoku Kinko Hyo, still no firm uptrend yet since yesterday. I went in seeing the indecision candles bounced from the Senko Span A. However, that seems to be where the consolidation starts to happen. This zone is also supported by the EMA200. My SL is now at the previous low of H4 charts around 1770. If the price breaks...

BearSpatter

On H4, gold found support at EMA200 bounced up shortly. The trend in H4 is still in the Kumo, but the dead cross already happened, and the downtrend may continue. H1 is already in a downtrend with short-term retracement (Kijun, Tenkan, Senko span A/B pointing downward). MACD platinum is below zero, which might make this a bit risky to trade. RSI is in the sell...

BearSpatter

Ichimoku H4 still downtrend but with retracement,tenkan sen, kijun sen, senko span A/B all flat. H1 EMA5 might be moving down now, and gold might continue to go down but trade with caution. The war doesn't seem to be ending yet.

BearSpatter

Ichimoku H1 timeframe move up and down in the range. Last dead-cross (tenkan sen cross-down kijun sen) was met with resistance from buyers created long wicks which end up with a push up. But the time the market closed on Friday, gold still moving up and down tightly in a tighter range. With H1 still in down trend, although M15 and M30 seems to slowly move up,...

BearSpatter

Will it break kumo and continue to go up? Or, will it continue the downtrend? Based on Ichimoku on the H1 timeframe, tenkan sen already cross-over kijun sen. If the trend continues to break above kumo, this will likely form a strong trend reversal for EUR/AUD.