Bullish on Gold $XAUUSD
My intraday setup for GOLD. Technical analysis: I used the indicators ichimoku kinko hyo and parabolic SAR using the 15min chart. The tenken sen, kijun sen and chikou sen are all indicating Bullish and price is obviously above the kumo cloud in this time frame. Looks as if this commodity is tired of the beating it has been taking for weeks now. For now it looks to be in a period of consolidation. I remain long, but do expect volatility. (Stop losses and Targets may be adjusted accordingly) GLTA!
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