Gold - Trendline & Kumo Failed Breakout
The Gold/USD price has shortly exited the 1 day kumo cloud and has started to head down and is currently below the Tenkan - Sen (red). A high of around 1141 was tested and since then the price consolidated and was unable to make new highs and have a strong breakout of the kumo or the trendline. The RSI was at similar levels when the price peaked at 1228 and 1205 . A test of the 1120$ area where the 1 Day conversion line (blue) is likely. If there is a kumo breakout to the downside and the Chiko (lag , grey) is under the past price then a test of the 1080$ area is possible. SL area 1142.5 which would be a break of the kumo and trendline. Trade at your own risk.
Disclaimer: Trade ideas posted are only my journal, not a recommendation to buy or sell
Disclaimer: Trade ideas posted are only my journal, not a recommendation to buy or sell
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.