Gold is trending bullish by Ichimoku

2021年5月18日

Comment:

Gold (XAUUSD) in Daily timeframe shows it's bullish as per below Ichimoku confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko Span above candles

Next Scenario:

The market is near previous resistance level at 1875.84 so it could retrace or consolidate. Better to wait for a breakout, and market could reach to the next resistance level at 1959.62.