ForexKei-Official

Gold is at Daily resistance, still showing bullish by Ichimoku

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Comment:

Gold reached Daily resistance at 1875.28 level. Ichimoku is still showing uptrend as per below confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

Next Scenario:

There is a potential breakout as per above Ichimoku trend analysis, however, better to wait for a Daily resistance break. Otherwise price may retrace back to Tenkan sen.

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