Wednesday, January 24, 2018

Gold Futures CFD - 'Weekly Technical Analysis' - Higher High? - Week 4 of January 2018.









Investing.com
 W C
hart > 
Click

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

PAST

Index had climbed higher but made a red High Wave candle last week, followed by a large green candle to date this week.
The Tenkan Sen (Blue line) changing places with the Kijun Sen, often,. showed earnest battle between Bulls and Bears in the last few Months.


NEXT

Bulls seek to make a Larger Wave Higher High by clearing 1363.
Bears seek to stay below the next Fibonacci Level and deny a Higher High to the Bulls.



WRAP


1363+ and life above the July 2016 High, is the Bull plan.
Bears want Sub 1362 and Gold Futures below the blue line, to start with.