Positive. Buy signal above Kumo. Price tests 1251 key level
After some consolidation, it finally we have another Heikin-Ashi buy signal above Kumo cloud.
- decisive green candle with long body. haDelta+ bullish signal above zero center line. haOscillator crosses up too.
- Ichimoku setup is getting more bullish. Tenkan is above Kumo now and points up. Chikou span may deliver a bullish break above past Kumo in next days. This would be further confirmation signal.
- EWO is healthy bullish. MACD may give a confirming buy signal too.
- If price breaks 1151 ke resistance, next target will be 1285-1290.
... and what if it breaks above 1290 later? :-) It is too early to talk anout this scenario, but it is not impossible.
Gold is strong, and will likely remain strong for a while. Recent good performance, the strong price action relative to higher USD yields and bullish stock markets might have three messages: inflation is here, USD weakness/bond yield drop (curve flattening) is coming, general risk off is coming.
But most importantly it clearly tells us to go more long, buy and hold Gold!
Best advice: first of all buy as much PHYSICAL bullion as you can. (if you can afford). Or else, you can still trade "paper gold" longs via $GC futures or spot XAUUSD -> then you will make enough USD to buy PHYSICAL gold later :-).
- decisive green candle with long body. haDelta+ bullish signal above zero center line. haOscillator crosses up too.
- Ichimoku setup is getting more bullish. Tenkan is above Kumo now and points up. Chikou span may deliver a bullish break above past Kumo in next days. This would be further confirmation signal.
- EWO is healthy bullish. MACD may give a confirming buy signal too.
- If price breaks 1151 ke resistance, next target will be 1285-1290.
... and what if it breaks above 1290 later? :-) It is too early to talk anout this scenario, but it is not impossible.
Gold is strong, and will likely remain strong for a while. Recent good performance, the strong price action relative to higher USD yields and bullish stock markets might have three messages: inflation is here, USD weakness/bond yield drop (curve flattening) is coming, general risk off is coming.
But most importantly it clearly tells us to go more long, buy and hold Gold!
Best advice: first of all buy as much PHYSICAL bullion as you can. (if you can afford). Or else, you can still trade "paper gold" longs via $GC futures or spot XAUUSD -> then you will make enough USD to buy PHYSICAL gold later :-).
