I'm Long at 1708 area.
GOLD 1D
Price has bounced off trendline support extending from 1600. Well within a thick Kumo cloud so I expect this area to hold solid. Right now cloud floor is around 1660.50. Cloud ceiling 1725.35. Expect some consolidation before I feel we get an eventual breakout above 1725. At the very least this range should hold without too much selloff. But with price below the tenkan san and Kijun san and Chikou under cloud, we still have a ways to go before this qualifies as an ichimoku trade on the daily TF
GOLD 1W
Weekly TF looks better of course, chinkou above cloud.current candle has price above Kijun San and Tenkan still, bullish. All Ichimoku criteria still in play on weekly chart
GOLD 1D
Price has bounced off trendline support extending from 1600. Well within a thick Kumo cloud so I expect this area to hold solid. Right now cloud floor is around 1660.50. Cloud ceiling 1725.35. Expect some consolidation before I feel we get an eventual breakout above 1725. At the very least this range should hold without too much selloff. But with price below the tenkan san and Kijun san and Chikou under cloud, we still have a ways to go before this qualifies as an ichimoku trade on the daily TF
GOLD 1W
Weekly TF looks better of course, chinkou above cloud.current candle has price above Kijun San and Tenkan still, bullish. All Ichimoku criteria still in play on weekly chart