A Golden Opportunity - XAU/USD Ichimoku Long Trade
Gold hit an all time high before falling down and testing support.
It's been moving sideways a while now an is finally starting to show some more bullish signs.
We've risen up and above the kumo, we're close to a kumo twist, and chikou span has started to rise.
These are all beginning signs that we may try to establish another bullish trend.
As the second wave of Covid starts to hit accross Europe we may see gold start to push upward again.
I'm looking to enter on a break above recent resistance.
I've drawn out an overall target of recent price structure highs as well as some partial take profit levels along the way.
If we fail to break resistance or if our bullish confirmations change, this setup may become invalidated.
It's been moving sideways a while now an is finally starting to show some more bullish signs.
We've risen up and above the kumo, we're close to a kumo twist, and chikou span has started to rise.
These are all beginning signs that we may try to establish another bullish trend.
As the second wave of Covid starts to hit accross Europe we may see gold start to push upward again.
I'm looking to enter on a break above recent resistance.
I've drawn out an overall target of recent price structure highs as well as some partial take profit levels along the way.
If we fail to break resistance or if our bullish confirmations change, this setup may become invalidated.