XAUUSD: Trend Still Bullish Despite Fed, Part 2
XAUUSD-Part 2 of 2.
Despite the Fed on Friday XAUUSD-is not selling down in panic mode.
If you look at the lower top indicator, phase energy is accumulating. The top middle indicator is the 5/34 momentum, and this is slightly up
The Ichimoku Cloud is essentially flat.
There are more positives than negatives.
What would turn me bearish? A sell Fractal on the daily chart. The last one was six weeks ago. There have been 3 buy Fractals since.
Disclosure: I am long some gold-miners shares. I am confident that this is a buying opportunity.
Good luck to you in all your trades. Don.
Despite the Fed on Friday XAUUSD-is not selling down in panic mode.
If you look at the lower top indicator, phase energy is accumulating. The top middle indicator is the 5/34 momentum, and this is slightly up
The Ichimoku Cloud is essentially flat.
There are more positives than negatives.
What would turn me bearish? A sell Fractal on the daily chart. The last one was six weeks ago. There have been 3 buy Fractals since.
Disclosure: I am long some gold-miners shares. I am confident that this is a buying opportunity.
Good luck to you in all your trades. Don.