The XAUUSD Daily diagram Ichimoku cloud analysis show the following:
MACD and RSI (daily) are bearish. XAUUSD has broken down the Tenkan Sen first above the KUMO (weakly bearish) in daily term view and the has broken down the EMA 200.
Now it is standing exactly on the Kijun Sen (blue line) that offer a first support @ 1297.58.
The next strong support is the top of the KUMO that is 1285,59 for this week (?).
Both lines are strong support and is very interesting today if it closes above Kijun Sen (1297.58).
For a better view of this see weekly related diagram in previous post.
Daily & Weekly KUMO are close to 1285-1288 very strong support. Good luck.!
MACD and RSI (daily) are bearish. XAUUSD has broken down the Tenkan Sen first above the KUMO (weakly bearish) in daily term view and the has broken down the EMA 200.
Now it is standing exactly on the Kijun Sen (blue line) that offer a first support @ 1297.58.
The next strong support is the top of the KUMO that is 1285,59 for this week (?).
Both lines are strong support and is very interesting today if it closes above Kijun Sen (1297.58).
For a better view of this see weekly related diagram in previous post.
Daily & Weekly KUMO are close to 1285-1288 very strong support. Good luck.!
