Weekly:
- Ichimoku setup and trend is strategic bullish -> positive
- Heikin-Ashi signal is swing bearish -> negative
- Strong support is at Kijun and Trendline at 1287 -> positive
- MACD crossed down, but value is far above zero -> neutral
- EWO is bullish -> positive
Daily:
- Ichimoku is neutral. Price below Kijun and in thisck Kumo. Forward Kumo is thinner. -> neutral
- Price is in a tightenning, but still wide triangle
- Heikin-Ashi candle is still red -> negative
BUT haDelta and haOscillator turn up with slight bullish bias in both -> early positive
- EWO is bearish -> negative
- ATR is very low, means low volatility, market is quite stable, the pull back is not very intensive. -> positive
Summary: All in all we still have a positive, bullish bias! We have to look for buy signals at support. And basically we reached upper level of support zone!
Also daily haDelta and haOscillator tell us to keep our eyes open now!
As goes the dollar (on back of rate change expectations), will go the Gold and all other metals.
- Ichimoku setup and trend is strategic bullish -> positive
- Heikin-Ashi signal is swing bearish -> negative
- Strong support is at Kijun and Trendline at 1287 -> positive
- MACD crossed down, but value is far above zero -> neutral
- EWO is bullish -> positive
Daily:
- Ichimoku is neutral. Price below Kijun and in thisck Kumo. Forward Kumo is thinner. -> neutral
- Price is in a tightenning, but still wide triangle
- Heikin-Ashi candle is still red -> negative
BUT haDelta and haOscillator turn up with slight bullish bias in both -> early positive
- EWO is bearish -> negative
- ATR is very low, means low volatility, market is quite stable, the pull back is not very intensive. -> positive
Summary: All in all we still have a positive, bullish bias! We have to look for buy signals at support. And basically we reached upper level of support zone!
Also daily haDelta and haOscillator tell us to keep our eyes open now!
As goes the dollar (on back of rate change expectations), will go the Gold and all other metals.
