This is an update for those of you who follow-XAUUSD. There are STILL plenty of weak signs. From the chart action I would say the trend is down. Most time horizon charts for-XAUUSD are very negative. 1. There has been a complete breakdown in the uptrend. 2. Many sell Fractals (rectangle). 3. The top middle indicator is a 9 interval momentum of OHLC/4, and this has crossed the zero line down-wards. 4. The top indicator is a 34 interval momentum reading of the XAUUSD-price. This is weak, heading lower. This is a sell signal. 5. Chop (under chart) is in the IN THE SHADED AREA, indicating a TRENDLESS ACTION. This is a sell signal because the chop zone color is red. 6. Chop zone (under chop) is red, indicating a downward trend. This is a sell signal. 7. The red conversion line of the Ichimoku Cloud is heading lower. This is a sell signal. 8. The black baseline line of the Ichimoku Cloud is heading lower. This is a sell signal. 9. Prices are trading below the Ichimoku Cloud conversion line and baseline. This is a sell signal. 10. The Ichimoku Cloud is heading lower. This is a sell signal. 11. The Ichimoku Cloud has a red border. This is a sell signal. 12. Prices are now below a 233 interval trend-line. This is a sell signal.
13. The top lower indicator is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. I HAVE THE RESULTS OF THESE CALCULATIONS FOR-XAUUSD IN THE TOP LOWER INDICATOR. IT IS VERY NEGATIVE.
Positives to report: None. There are so many negatives I believe the TREND IS DOWN. I hope all of your trades go well. Don.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.