In accordance with my previous 1H tech analysis (see related ideas) for the $1330 first target for the Gold, in Daily Tech Analysis with Ichimoku & Fibonacci we can see the followings:
The KUMO is ready to twist and SPAN A to get over SPAN B (yellow circle) = bullish.
On the other hand the $1330 is a target that Top of KUMO (red), 2.618 of Fibo and previous High (14.04.2014) are all of them on it as a tripple resistance. Of course today the 3.15% of XAUUSD is a promise for continuement.
So I think that we must be very careful when XAUUSD reach the $1330. Maybe we have decline to EMA 200 and bottom of KUMO @$1300.
But If it breaches the second target is the 3.618 of Fibo and the cross with the long term resistance at about $1365 .
The KUMO is ready to twist and SPAN A to get over SPAN B (yellow circle) = bullish.
On the other hand the $1330 is a target that Top of KUMO (red), 2.618 of Fibo and previous High (14.04.2014) are all of them on it as a tripple resistance. Of course today the 3.15% of XAUUSD is a promise for continuement.
So I think that we must be very careful when XAUUSD reach the $1330. Maybe we have decline to EMA 200 and bottom of KUMO @$1300.
But If it breaches the second target is the 3.618 of Fibo and the cross with the long term resistance at about $1365 .
