Gold Futures CFD - 'Weekly Technical Analysis' - Lower Low to Higher High? - Week 5 of August 2018.

Introduction & Primer to Ichimoku can be read at this link > click.

 

PAST

Bears seek and get a lower low (sub 1238) below the Fibonacci 61.8%.

Bulls manage a bounce off support at the Fibonacci 38%.

NEXT

Bulls with support at a significant Fibonacci level, seek to bounce back above the Fibonacci 61.8%.
Bears want to retain their advantage and keep it below the Blue line.

WRAP

Fibonacci 100% ($1375) and life above the Kumo, is the Bull plan.

Bears hope to keep it red and below the Blue line.