As you must already know, the direction of Gold is mainly dependent on the Price action of DXY (US Dollar index). So first, we take a look at the US Dollar index.
EUR/USD: euro hung on Tenkan-Kijun
2019-11-11 • Updated
Technical levels: support – 1.1150; resistance – 1.1190, 1.1210.
- Buy — 1.1150/60; SL — 1.1130; TP1 — 1.1190; TP2 – 1.1210.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
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