Gold is at Daily resistance, still showing bullish by Ichimoku
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.
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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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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